Shares of American Eagle Outfitters (NYSE:AEO) are among the most active
stocks within the retail sector and jumped much as 8% to $16.21 after the
company raised its outlook following it solid comparable-store sales growth for
the five weeks ended October 2, 2010.
The company said that its same-store sales
rose 4% in September, topping analysts estimates of a fall of 0.8%, according
to Thomson Reuters.
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Seperately, the company lifted its
third-quarter earnings from continuing operations to 27 cents to 28 cents a
share, while its previous guidance range was 23 cents to 26 cents a share.
American Eagle Outfitters, Inc. offers
on-trend clothing, accessories and personal care products. It operates under
the American Eagle (AE), aerie by American Eagle, 77kids by american eagle and
MARTIN+OSA (M+O) brands.
Abercrombie
& Fitch Co. (NYSE:ANF) soared 10.30% to $42.48 on hefty volume in the morning session
after the company said its same-store sales rose 13% in September, higher than
the analysts estimates of 3.6%.
The retailer also reported a 25% jump in net
sales for the five-week period ended Oct. 2.
Abercrombie & Fitch Co. (A&F) through
its subsidiaries, is a specialty retailer that operates stores and
direct-to-consumer operations selling casual sportswear apparel, including knit
and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts,
sweaters, outerwear, personal care products, and accessories for men.
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Limited
Brands, Inc. (NYSE:LTD) surged 4.20% to $28.75 and made a new 52-week high of $28.96
after the company said that its same-store sales soared 12% , triple to the
analysts estimates of 4%.
Net sales for the five weeks ended Oct. 2
surged 12.4% to $735.8 million, from $654.8 million in the year-ago period.
Limited Brands, Inc. is a specialty retailer
of women’s intimate and other apparel, beauty and personal care products and
accessories under various trade names.
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