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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: JimNewby who wrote (13216)	8/20/1998 2:10:00 PM
From: Jenna	Respond to of 120523

Another earnings play beat today: AEOS beats by 7 cents: Shares of American Eagle Outfitters rose 3 percent Thursday after the clothing retailer beat consensus estimates for the second quarter by 7 cents. and we didn't even have to hold through earnings! On a better day the stock would probably react like CNS did going up over 15% in two days.It's been especially beaten down of late. Separately, CIBC Oppenheimer raised its earnings estimates for the full year to $1.78 from $1.73 on the retailer's strong earnings report and outlook. Analysts at the company said it will keep American Eagle at a "strong buy" with a 12-month price target of $63. Shares of American Eagle (AEOS), which markets casual apparel for young men and women, rose 1 1/4 to 49 in recent trading. American Eagle said earnings rose 700 percent to$9.6 million, or 40 cents per share, compared to$1.1 million, or 5 cents a year ago. Analysts surveyed by First Call expected the retailer to earn 33 cents in the second quarter CIBC Oppenheimer said in a report that the company has "more growth opportunities" ahead as the retailer gains more popularity with young consumers as a fashionable, yet inexpensive clothes store.