Why American Eagle Outfitters Jumped 17.4% in September
Shares of American Eagle Outfitters (NYSE: AEO) jumped 17.4% in September, according to data from S&P Global Market Intelligence, after the casual clothing retailer beat Wall Street's second-quarter estimates on the top and bottom lines.
Net sales actually fell in the quarter, due to a sharp drop at American Eagle-branded stores. But its up-and-coming Aerie lingerie and loungewear chain saw a substantial increase in sales.
Image source: American Eagle Outfitters.
Source Fool.com
