American Eagle Tops Profit Forecasts, Says It Sharply Reduced Inventory Levels

American Eagle

inventory was rising Tuesday after the clothes firm posted a third-quarter earnings beat and stated it lowered stock ranges.

American Eagle

(ticker: AEO) reported adjusted revenue of 42 cents a share within the interval, whereas analysts had penciled in 22 cents. The firm posted working earnings of $118 million, which it stated exceeded pre-pandemic 2019 ranges.

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