American Eagle Outfitters posted record first-quarter revenue but its stock sank as the flagship brand stumbled

Record first-quarter revenue of $1.2 billion masked a 2% comparable sales decline at the flagship American Eagle brand

Credit: bargainmoose, Flickr

American Eagle Outfitters posted record first-quarter revenue of $1.2 billion on Wednesday, beating analyst expectations, but American Eagle stock tumbled more than 10% in after-hours trading as the flagship brand's sales declined.

Compared with $1.09 billion in the same period last year, total net revenue climbed 10%, the company said. That beat analyst expectations of $1.19 billion, according to CNBC. Diluted earnings per share came in at $0.14, compared with a loss of $0.36 a........

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