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American Eagle’s stock soared 10% when it raised earnings guidance. CEO Jay Schottenstein said profits and margins were improved because there were fewer promotions. The company will report earnings on December 4.
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Will you offer us a hand? Every gift, regardless of size, fuels our future.
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The teen and young adult retailer said it expects earnings would be up 16%, but also predicts same store sales will be 5% lower than they were last year. Second quarter revenue declined 2%.
