American Eagle Q2 Earnings Beat Estimates, Stock Down on Revenue Miss

American Eagle Outfitters, Inc. (AEO) reported second-quarter fiscal 2024 results, wherein earnings beat the Zacks Consensus Estimate while revenues lagged the same. The bottom and top lines increased year over year, driven by brand strength and gains from progress on its Powering Profitable Growth strategy. The quarter highlighted the company’s sixth straight quarter of record revenues. AEO has been managing costs efficiently.The company’s earnings of 39 cents per share increased 56% from the year-ago quar ...