American Eagle Outfitters (AEO) reported fourth quarter adjusted income from continuing operations of $0.55 per share Wednesday morning, up from $0.39 per share last year. The consensus estimate was for EPS of $0.56. First quarter EPS is expected to be between $0.16 and $0.19, which is below the consensus estimate of $0.25.
American Eagle Outfitters gapped open lower Wednesday and has continued to decline in early trade. Shares are now down 2.79 at $19.76 on above average volume. The stock has dropped to a 1-month low and has fallen below both its 50 and 200-day moving averages.
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