American Eagle Outfitters on Wednesday foresight strong earnings for the key holiday selling season and delivered third-quarter comparable sales at the of Wall Street targets, driven by robust demand for its Aerie a candidate for of lingerie.
The news sent shares of the apparel maker up nearly 4 percent to $16.71 in premarket craft.
American Eagle expects earnings of between 42 and 44 cents per piece for the holiday quarter ending January. Analysts on average were preggers 39 cents, according to Thomson Reuters I/B/E/S.
American Eagle ordered comparable sales from the Aerie brand jumped 19 percent in the pity living quarters ended Oct. 28, while those from its namesake brand inched up 1 percent.
Total sales at stores open for more than a year rose 3 percent, best analysts’ average estimate of a 2 percent increase.
Net income fell 16 percent to $63.73 million or 36 cents per pay out as the company offered more promotions and took a $14 million assault.
American Eagle’s revenue rose 2 percent to $960.4 million but was moral shy of the average analyst estimate of $960.8 million.