American Eagle (AEO) Q1 Earnings Beat Estimates, Revenues Miss

American Eagle Outfitters, Inc. (AEO) reported first-quarter fiscal 2024 results, wherein earnings beat the Zacks Consensus Estimate, while revenues lagged the same. Top and bottom lines increased year over year, driven by brand strength and gains from progress on its Powering Profitable Growth strategy.The company’s first-quarter fiscal 2024 earnings of 34 cents per share doubled from adjusted earnings per share of 17 cents in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of ...