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UPDATE: American Eagle Outfitters (AEO) Cuts Forecast

October 10, 2007 4:04 PM EDT
American Eagle Outfitters, Inc. (NYSE: AEO) lowered its outlook for October, which is reflected in its revised third quarter earnings guidance of $0.44 to $0.45 per share, compared to $0.44 per share last year. Previous third quarter guidance was $0.47 to $0.48 per share. The consensus is $0.48.

Comparable store sales decreased 2%, compared to an 11% increase for the same period last year.

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Guidance, Retail Sales