Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Internet Jones who wrote (41066)	5/19/1999 5:50:00 PM
From: Jenna	Read Replies (1) of 120523

American Eagle Outfitters Reports 110% Increase in Earnings to Record $0.25 E.P.S. on 45.9% Sales Increase for the First Quarter 1999.. I don't think this will sell off on this report, its already sold off. I'll look to reenter tomorrow unless something unforeseen happens. WARRENDALE, Pa., May 19 /PRNewswire/ -- American Eagle Outfitters, Inc. (Nasdaq: AEOS - news) today announced its consolidated financial results for the quarter ended May 1, 1999. Net sales for the quarter ended May 1, 1999, increased 45.9% to $145.4 million from $99.7 million for the quarter ended May 2, 1998. Comparable store sales increased 27.5% when comparing the same thirteen week period. Net income for the quarter increased 110% to $12.2 million, or $0.25 per share on a diluted basis, from net income of $5.8 million, or $0.12 per share on a diluted basis, last year. Diluted weighted average shares outstanding for the current quarter were 48.4 million compared to 47.4 million outstanding for the prior quarter.

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