Why American Eagle Outfitters Stock Popped After Earnings
Shares of American Eagle Outfitters (NYSE: AEO) stock jumped more than 6% in early trading Wednesday before settling down to about a 4% gain as of 2:50 p.m. EST. The stock price movement comes in response to AE's third-quarter 2020 earnings report, which was released after close of trading Tuesday evening.
In this report, AE reported earning $0.35 per share pro forma, which was ahead of analyst estimates, on sales of $1.03 billion, which met expectations.
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Source Fool.com