American Eagle Outfitters Raises Q4 Outlook For Revenue To Be Up Low Double Digits; Operating Profit Expected To Be ~$130M, Up From Prior Guidance Of $105M-$115M
Portfolio Pulse from Benzinga Newsdesk
American Eagle Outfitters has increased its Q4 revenue outlook, expecting a low double-digit rise. The company also anticipates operating profit to be around $130M, which is higher than the previously guided range of $105M-$115M.
January 08, 2024 | 1:37 pm
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American Eagle Outfitters has raised its Q4 revenue and operating profit forecasts, signaling stronger financial performance than initially expected.
The upward revision in American Eagle Outfitters' Q4 outlook is a positive signal for investors, indicating better-than-expected financial health and performance. This news is likely to be received positively by the market, potentially leading to a short-term increase in AEO's stock price.
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