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What: Shares of fashion retailer American Eagle Outfitters
So what: It's not quite time for American Eagle to report its full first-quarter numbers, but it couldn't help sharing the good news with investors: The quarterly results are going to be better than expected. Full details will come out May 23, but for now, management let investors know that earnings per share are now expected to be between $0.18 and $0.20. That's better than the company's previous guidance of $0.08 to $0.10 and ahead of the $0.10 that Wall Street analysts had been anticipating. Revenue of $719 million is up 18% from the prior year and also beat analysts' numbers.
Now what: American Eagle, along with fellow teen retailers like Abercrombie & Fitch
However, for American Eagle, nice free cash flow and a very strong, debt-free balance sheet have been a helpful backstop. With a glimmer of hope in these first-quarter results, perhaps the company is getting on a stead path back in the right direction.
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Fool contributor Matt Koppenheffer has no financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter, @KoppTheFool, or on Facebook. The Fool’s disclosure policy prefers dividends over a sharp stick in the eye.