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By Market News Video Staff, Wednesday, August 24, 10:02 AM ET
Teen apparel retailer American Eagle Outfitters (NYSE:AEO) reported second quarter earnings today that rose to $19.7 million, or $0.10 per share, compared to $9.7 million, or $0.05 per share, last year.
On a continuing operations basis, however, earnings fell to $0.10 per share from $0.13 per share in last year’s second quarter.
Earnings per share missed analyst expectations, although total sales, which rose 4% to $676 million, exceeded analyst estimates.
Same-store sales were flat in the second quarter.
Rival Abercrombie & Fitch (NYSE:ANF) is trading up 0.25% today, while Aeropostale (NYSE:ARO) trades up 0.2%.
Also today, CVS Caremark (NYSE:CVS) said its board has approved a share repurchase program of up to $4 billion.
The new buybacks will be in addition to the $2 billion share repurchase program announced in June 2010, which is expected to be completed this year.
CVS said it intends to repurchase $1 billion under the new authorization by the end of the year.
CVS shares are trading up 2.6% Wednesday.
Rival Walgreen (NYSE:WAG) is trading up 0.8%, while Rite Aid (NYSE:RAD) trades up 1%.
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Daily Wrap: May 10, 2013
Daily Dividend Report: CRI, WM, CHRW, NVDA, CBI
Daily Dividend Report: MAR, LEG, ORI, OFC, RNDY
Friday Sector Leaders: Education & Training Services, Television & Radio Stocks
Analyst Moves: DISH, MDR, PCLN
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