American Eagle Outfitters Inc. Reports 38% Retreat In Q1 Profit

(RTTNews) - American Eagle Outfitters Inc. (AEO) reported earnings for first quarter that fell compared to the same period last year.

The company said its profit came in at $25.24 million, or $0.14 per share. This was down from $40.48 million, or $0.22 per share, in last year's first quarter.

Analysts had expected the company to earn $0.17 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.7% to $761.84 million. This was up from $749.42 million last year.

American Eagle Outfitters Inc. earnings at a glance:

-Earnings (Q1): $25.24 Mln. vs. $40.48 Mln. last year. -Earnings Decline (Y-o-Y): -37.6% -EPS (Q1): $0.14 vs. $0.22 last year. -EPS Decline (Y-o-Y): -36.4% -Analysts Estimate: $0.17 -Revenue (Q1): $761.84 Mln vs. $749.42 Mln last year. -Revenue Change (Y-o-Y): 1.7%

-Guidance: Next quarter EPS guidance: $0.15 - $0.17