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Why American Eagle Outfitters Stock Dropped on Thursday

TheMotleyFool

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Why American Eagle Outfitters Stock Dropped on Thursday

American Eagle Outfitters (NYSE: AEO) reported strong growth in the fiscal second quarter, with revenue increasing 35% year over year and operating income reaching a Q2 record of $168 million. But revenue of $1.19 billion fell short of analyst estimates that called for $1.23 billion.

Shares were trading down 7.1% as of 10:10 a.m. EDT on Thursday. This brings the stock's year-to-date gains to 35%, which is still ahead of other apparel stocks.