American Eagle forecasts profit below estimates
March 11 (Reuters) - Teen apparel retailer American Eagle Outfitters Inc forecast earnings for the current quarter that fell short of analysts' expectations, saying a severe winter had hurt demand.
The company's shares fell 6 percent to $13.35 in premarket trading.
American Eagle said it expects to break even on a per-share basis in the first quarter.
Analysts on average were expecting a profit of 13 cents per share, according to Thomson Reuters I/B/E/S.
- Scots vote on independence, United Kingdom's fate on knife-edge |
- Australian PM says police raids follow IS linked beheading plot |
- Chinese hacked U.S. military contractors: Senate panel
- China not warlike, says Xi, as border standoff dominates India trip
- IMF warns of risks from 'excessive' financial market bets