American Eagle Outfitters Inc.’s stock
AEO,
rose 4.1% in premarket trading on Monday after the clothing retailer said it’s raising its fourth-quarter outlook to a gain of low double digits, following a successful holiday season. The company now expects operating profit of about $130 million, up from previous guidance of $105 to $115 million. Analysts were expecting operating income of $113 million, according to FactSet consensus estimates. “The improved outlook is a result of record holiday sales and strong merchandise margins,” the company said.
