Reuters: Global Markets: American Eagle shares fall on lukewarm quarterly view

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

American Eagle shares fall on lukewarm quarterly view Oct 23rd 2012, 15:22 Tue Oct 23, 2012 11:22am EDT (Reuters) - Shares of teen-clothing retailer American Eagle Outfitters (AEO.N) fell 7 percent on Tuesday as the company's forecast fell short of market expectations. On its investor day call, the company said it expected operating margins for the year to be around 12.5 and that it was on track to meet its sales forecasts for the third quarter. "We believe today's stock reaction is a result of the company not at least guiding to the high end or raising third quarter earnings guidance," Evren Kopelman, senior analyst at Wells Fargo Securities wrote in a note to clients. Kopelman rates the stock as outperform. American Eagle said it was aiming for 2012 sales of $3.44 billion, more or less in line with analysts estimates, according to Thomson Reuters I/B/E/S. It had said in August that it was expecting to earn $1.33 to $1.36 a share from continuing operations in the third quarter. <ID: nL2E8JM1W9> Kopelman said the company's operating margin view was below her expectations of 12.6 percent. Shares of the company were down 7 percent at $20.52 in late morning trade on the New York Stock Exchange.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions