Investing.com - American Eagle Outfitters (NYSE:AEO) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
American Eagle Outfitters announced earnings per share of $0.04 on revenue of $1.2B. Analysts polled by Investing.com anticipated EPS of $0.1362 on revenue of $1.2B.
American Eagle Outfitters shares are down 54.3% from the beginning of the year and are trading at $10.38 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
American Eagle Outfitters shares lost 10.29% in after-hours trade the report.
American Eagle Outfitters follows other major Consumer Discretionary sector earnings this month
American Eagle Outfitters's report follows an earnings beat by Home Depot on August 16, who reported EPS of $5.05 on revenue of $43.79B, compared to forecasts EPS of $4.95 on revenue of $43.36B.
Lowe’s had beat expectations on August 17 with second quarter EPS of $4.67 on revenue of $27.48B, compared to forecast for EPS of $4.58 on revenue of $28.12B.
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