American Eagle Outfitters (NYSE:AEO) announced that earnings dropped to $51.3 million, or 26 cents a share, in the fiscal fourth quarter from $87 million, or 44 cents a share, in the same period last year. Revenue increased by 14 percent to $1.04 billion. For the first quarter ending in April, American Eagle said it expected to earn 8 cents to 10 cents a share.
Shares are higher by about 5.4 percent.
American Eagle competes with other mall-based men's and women's apparel retailers like Gap's (NYSE:GPS) namesake stores as well as its Banana Republic stores, Abercrombie and Fitch (NYSE:ANF) and Express (NYSE:EXPR).
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