Shares of teen apparel retailer American Eagle Outfitters fell 11% in pre-market trading Wednesday as third quarter same-store sales and profits missed expectations.
American Eagle reported Q3 net income of $75.8 million, or 41 cents per share, up from $74.1 million or 38 cents per share in the same quarter last year, while Q3 revenue rose 2.3% to $940.6 million. Thomson Reuters analysts had anticipated 41 cents per share on revenue of $940.9 million.
