Why American Eagle Outfitters Stock Soared 45% Higher This Week

In any given week on the stock exchange, there are high flyers, and there are high flyers. Happily for American Eagle Outfitters (NYSE: AEO), their company was in the latter category over the past few days.Buoyed by satisfying quarterly results and subsequent analyst price target raises, American Eagle's shares increased by more than 45% in value, according to data compiled by S&P Global Market Intelligence.Wednesday was lift-off day, as that's when American Eagle published its second-quarter figures. The clothing retailer's revenue actually lost altitude by coming in at $1.28 billion, although the year-over-year drop was not significant at 1%. Generally accepted accounting principles (GAAP) net income rose incrementally to perch at $77.6 million, or $0.45 per share.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool