March 6, 2019 / 9:13 PM / 7 months ago

American Eagle forecasts first-quarter profit below estimates

March 6 (Reuters) - American Eagle Outfitters Inc forecast current-quarter profit below analysts’ estimates on Wednesday, sending the apparel maker’s shares down 5 percent.

The company said it expects first-quarter adjusted earnings of 19 cents to 21 cents per share, below analysts’ expectations of 24 cents, according to IBES data from Refinitiv. (Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel)

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