American Eagle Stock Slumps as Earnings, Outlook Fall Short

Core Insights - American Eagle Outfitters' shares fell sharply after the company reported third-quarter results that missed analyst expectations and provided a fourth-quarter outlook that was also below expectations [1][2][3] Financial Performance - The company reported a year-over-year revenue decline of approximately 1% to $1.29 billion and a net income of$80 million, which is down nearly 20% from the previous year. Analysts had anticipated revenue of $1.3 billion and profits of$92.16 million [3] - After accounting for a nearly $13 million restructuring charge related to severance costs and the sale of its Hong Kong business, the adjusted net income was$93 million, surpassing the analysts' expectation of $91.54 million [4] Sales and Outlook - Comparable store sales grew by 3$17.81, marking a nearly 16% decline since the beginning of the year [7]