American Eagle saw profits grow nearly 60% as costs come down

American Eagle missed Wall Street's sales targets for a second quarter in a row on Thursday, but profits grew by nearly 60% thanks in part to lower product costs. Shares fell more than 5% in premarket trading Thursday. Here's how the apparel company did in its second fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: Earnings per share: 39 cents vs. 38 cents expected Revenue: $1.29 billion vs. $1.31 billion expected The company's reported net income for th ...