Shares of American Eagle Outfitters (NYSE: AEO) were hammered on Wednesday after the teen apparel chain provided a very disappointing fiscal third quarter earnings outlook even as it said that it will continue selling its products at discounted prices to push sales during the back-to-school season. For the fiscal third quarter, American Eagle Outfitters anticipates earnings of 14 cents to 16 cents a share while analysts surveyed by Thomson Reuters expected 35 cents. In the latest period, the adjusted earnings stood at 10 cents a share, in line with its most recent projection, made two weeks ago. At that time, analysts had a consensus forecast for earnings of 21 cents a share.
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Major Movers on January 2; POL, ABT, ASNA, SGYP, FB, AAPL, BAC, MIDD, MCP, ZIP, CAR, EBS, AEO
PolyOne Corporation (NYSE: POL) climbed 8 percent on Wednesday after Jefferies Group initiated coverage on the stock with a “buy” rating. On December 20, the company announced the acquisition of Glasforms Inc., which specializes in glass and carbon fiber reinforced polymers and advanced products.
American Eagle Outfitters Shares Rally on Q3 Results, Outlook (AEO)
Shares of American Eagle Outfitters (NYSE: AEO), a specialty retailer that operates in the U.S. and Canada, are soaring in trading today after the company reported strong results for the third quarter. The company also provided robust outlook for the fourth quarter.
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Abercrombie & Fitch Shares Rally on Q3 Results (ANF)
Shares of specialty apparel retailer, Abercrombie & Fitch Co. (NYSE: ANF) leaped over 30% in premarket trading on Wednesday after the company announced fiscal third-quarter results that topped Street’s estimates thanks to spectacular sales growth in international markets even as it projected full-year earnings guidance above analysts’ consensus estimate.
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Major Gainers and Losers on August 22; TOL, EXPR, WSM, DELL, AEO, YELP, CHS, CLWR, SRZ, HCN
Shares of luxury homebuilder, Toll Brothers Inc. (NYSE: TOL) rose sharply in trading today. The stock rose to a 52-week high of $33.68 before finishing the day 3.77% higher at $33.01 on above average volume of 10.16 million.
American Eagle Outfitters Raises Q1 Guidance; Shares Surge (AEO)
Shares of American Eagle Outfitters Inc. (NYSE: AEO), a specialty retailer operating in the U.S. and Canada, are surging today after the Pittsburg, Pennsylvania-based company raised its first-quarter earnings guidance due to stronger sales and fewer promotions.
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