American Eagle Outfitters Q2 EPS $0.39 Beats $0.38 Estimate, Sales $1.29B Miss $1.31B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Eagle Outfitters reported Q2 earnings per share of $0.39, beating the estimate of $0.38, but sales of $1.29 billion missed the $1.31 billion estimate. EPS increased by 56% year-over-year, while sales grew by 7.5%.
August 29, 2024 | 12:05 pm
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American Eagle Outfitters reported better-than-expected Q2 EPS of $0.39, but sales of $1.29 billion fell short of estimates. Despite the sales miss, EPS showed a significant year-over-year increase.
The earnings per share beat expectations, which is positive, but the sales miss could offset this in the short term. The significant year-over-year EPS growth is a strong positive indicator, but the sales miss may cause mixed reactions in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100