American Eagle Outfitters (AEO) PT Lowered to $10 at Morgan Stanley
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American Eagle Outfitters Reports First Quarter Results, Comp Sales Increased 2%, Six Million Shares Repurchased
May 17, 2017 8:00 AM EDTPITTSBURGH--(BUSINESS WIRE)-- American Eagle Outfitters, Inc. (NYSE: AEO) today reported EPS of $0.14 for the first quarter ended April 29, 2017. Excluding restructuring and related charges of $0.02 per diluted share, the companys adjusted EPS was $0.16 for the first quarter.
Jay Schottenstein, Chief Executive Officer commented, "The first quarter results reflected mall traffic headwinds, especially early in the quarter, with improved trends over Easter and a strong digital business throughout. As we look ahead, we are taking the right steps to improve our results and adjust our business for todays rapidly evolving retail... More
