American Eagle flies higher on bottom line beat, inventory improvement

Nov. 22, 2022 9:33 AM ETAmerican Eagle Outfitters, Inc. (AEO)By: Kevin P. Curran, SA News Editor

American Eagle Outifitters 34th Street Manhattan


American Eagle Outfitters (NYSE:AEO) stock surged over 14% higher after posting stronger than expected profits and reducing inventory overhang.

For the third quarter, the Pittsburgh-based apparel retailer reported $0.42 in GAAP EPS, doubling the analyst expectation. Meanwhile, $1.24B in revenue narrowly exceeded

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