Apparel retailer American Eagle Outfitters Inc forecast third-quarter profit bel...
FILE PHOTO: An Omani man passes in front of an American fashion brand, American Eagle Outfitters in City Center Mall in Muscat, Oman, February 11, 2019. REUTERS/Hamad I Mohammed
Shares of the Pittsburgh-based company fell 6.5% in premarket trading. The stock has lost about 15.8% of its value so far this year. American Eagle said it expects to record an adjusted profit of about 47 cents to 49 cents per share in the third quarter. Analysts forecast the retailer to earn 52 cents per share, according to IBES data from Refinitiv.
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