Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Internet Jones who wrote (41066)	5/19/1999 5:50:00 PM
From: Jenna	Read Replies (1) \| Respond to 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.