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Actionable news in AEO: AMERICAN EAGLE OUTFITTERS,

American Eagle (AEO) Stock Drops Despite Q2 Beat

NEW YORK (TheStreet) -- Shares of American Eagle Outfitters (AEO) were down 5.17% to $17.98 in pre-market trading on Wednesday as the Pittsburgh-based teen retailer reported 2016 second quarter earnings and revenue that beat analysts expectations.

Before today's opening bell, American Eagle posted earnings of 23 cents per share, surpassing Wall Street's estimated 21 cents per share. Revenue rose 3% year-over-year to $823 million, beating analysts' projections of $819.56 million.

For the 2015 second quarter, the retailer earned 17 cents per share on revenues of...


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