American Eagle Outfitters (AEO) announced Thursday morning that its September same store sales were flat with the prior year period. The company now expects to report third quarter EPS of $0.24 to $0.26, compared to prior expectations of $0.22 to $0.25. The consensus estimate is for EPS of $0.20.
American Eagle Outfitters gapped up at the open Thursday and climbed throughout the first half of the session. Shares finished up by $1.48 at $18.14 on the highest volume of the year. The stock rose above a one-month range and set a new high for the year.
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