(RTTNews) - American Eagle Outfitters (AEO) fell in pre-market trading, after the company reported a fall in second quarter earnings.
The stock was down 34 cents just after 8:30 am ET, dropping to $13.40. If pre-market losses hold, the stock will open at its lowest level in two weeks.
American Eagle Outfitters said that net income for the second quarter was $59.8 million, or $0.29 per share, down from $81.3 million, or $0.37 per share, in the same quarter last year.
Total sales for the quarter decreased 2% to $688.8 million from $703.2 million in the year-ago quarter. Second quarter comparable store sales decreased 9%, compared to a 2% increase last year.
Analysts, on average, polled by First Call/Thomson Financial expected earnings of $0.28 per share on revenues of $705.35 million.
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