| Aeropostale projected first-quarter earnings of 39 cents to 40 cents a share |
| News - Financial News |
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The teen retailer said profit rose 44% to 99 cents a share, up from 67 cents a share a year prior and topping analyst estimates for 95 cents a share. The earnings growth came as the top line swelled 16% to $802.1 million, with a 9% increase in same-store sales. “The company continued its highly successful strategy of optimizing key classifications while driving traffic with fresh and new promotions, and management commented that studies show that they continue to gain recognition and preference in the minds of consumers, wrote Sterne Agee analyst Margaret Whitfield. Looking ahead, Aeropostale projected first-quarter earnings of 39 cents to 40 cents a share, which was better than the 37 cents a share Wall Street analysts were expecting on average. It earned a slew of positive analyst movements, including an upgrade from Piper Jaffray and, and inspired Jefferies, Sterne Agee and others to lift their price target and estimates. [Read the full article] The goals were outlined at a recent analyst meeting held by the company in New York. The company hopes to achieve these targets by focusing on natural gas shale plays and what it calls "mega projects." |





