American Eagle Outfitters, Inc. (AEO: Quote) is declining 8 percent to $20.65. The company's fourth quarter profit and net revenue improved from the year-ago quarter. Meanwhile, the company forecast first quarter earnings below Wall Street view, with comparable store sales in the negative mid-single digit range. Further, the company's board authorized 20 million shares under a new share repurchase program.
Staples, Inc. (SPLS: Quote) is falling 4 percent to $12.74. The company's fourth quarter profit plunged from the prior year period. Sales for the quarter rose 3 percent, but excluding the 53rd week in 2012, sales fell 4.2 percent. Meanwhile, the company hiked its dividend, but forecast 2013 earnings below Wall Street view.
Sohu.com Inc. (SOHU: Quote) is falling more than 8 percent to $44.75 after it denied rumors of going private.
Changyou.com Ltd. (CYOU: Quote) is down 7 percent to $30.02.
AeroVironment, Inc. (AVAV: Quote) is plunging 28 percent to $15.50 following the release of its quarterly results.
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by RTT Staff Writer
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