American Eagle Outfitters Q1 Profit Tops View - Quick Facts

(RTTNews) - American Eagle Outfitters Inc. (AEO) reported that first-quarter net income surged to $29.1 million from $3.9 million in the prior year, with earnings per share increasing to $0.15 from $0.02 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.12 per share for the quarter. Analysts' estimates typically exclude special items.

Total net revenue increased 8% to $699.52 million from $646.13 million in the comparable quarter last year. Consolidated comparable sales increased 7%. Analysts expected revenue of $692.32 million for the quarter.

Based on a high-single digit increase in comparable sales, the company expects second quarter 2015 earnings per share to be approximately $0.11 to $0.14, which includes potential asset impairment and restructuring charges, and compares to earnings per share of $0.03 last year. Analysts expect the company to report earnings of $0.11 per share for the second-quarter.