American Eagle quarterly profit falls

NEW YORK Wed Mar 12, 2008 7:37am EDT

NEW YORK (Reuters) - Teen retailer American Eagle Outfitters Inc (AEO.N) said on Wednesday that quarterly net income fell, amid lower customer traffic, weak sales, and competition from rivals.

The mall-based chain known for colorful, preppy fashions for young men and women said net income for its fiscal fourth quarter ended February 2 was $140.48 million, or 66 cents per share, compared with $150.16 million, or 66 cents per share, a year ago.

The company had fewer shares outstanding in the most recent quarter, which boosted per-share results.

(Reporting by Nicole Maestri, editing by Gerald E. McCormick)

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