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American Eagle Outfitters down 3% for the day, what caused it?

Micheal Ben


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The shares of AEO is down by 3% today despite the company reporting that it earned 43 cents per share in the previous quarter. Traders and analysts were disappointed due to the less-than-expected revenue presented by the company. The financial forecast for the current quarter is also weak, with the company focuses on spending more on marketing and opening new stores. The stock is expected to bounce back though, as investor confidence is still high at the moment.

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