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American Eagle current-quarter profit forecast misses estimates
December 6, 2013 / 1:07 PM / 4 years ago

American Eagle current-quarter profit forecast misses estimates

Dec 6 (Reuters) - Teen apparel retailer American Eagle Outfitters Inc forecast current-quarter profit below analysts’ estimates due to intense discounting in the holidays.

The company said it expects a fourth-quarter profit of 26 cents to 30 cents per share. Analysts on average were expecting a profit of 39 cents per share, according to Thomson Reuters I/B/E/S.

American Eagle also forecast mid single-digit percentage decline in comparable-store sales.

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