Aeropostale Inc. (ARO) reported second quarter adjusted net income of $0.00 per share after the bell Thursday, compared to the loss of $0.02 per share in the prior year. The consensus estimate was for EPS of $0.00. Third quarter EPS is expected to be between $0.25 and $0.30, which is below the consensus estimate of $0.38.
Aeropostale gapped open lower Friday and declined during the first half hour of trade. The stock slipped further going into the close and finished down by 1.52 at $12.14 on above average volume. Aeropostale dropped below a 2-week range and set a new low for the year.
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