American Eagle Outfitters Inc (NYSE:AEO) reported better-than-expected results for the second quarter on Wednesday after the close, and shares are soaring. Here’s a rundown of the retailer’s report.
AEO stock is charging ahead after-hours. Check the fundamentals here.
Q2 Highlights: American Eagle reported second-quarter revenue of $1.28 billion, beating analyst estimates of $1.24 billion, according to Benzinga Pro. The company reported second-quarter earnings of 45 cents per share, beating estimates of 20 cents per share.
Total revenue was down 1% on a year-over-year basis as comparable sales also declined 1%, driven by a 3% …