Dallas, Texas 08/23/2013 (Financialstrend) – It was observed that during the recent times, only few customers were shopping at American Eagle Outfitters (NYSE:AEO). Also, it was being anticipated by the teen retailer that there would a bigger drop in the profit during the current quarter. This anticipation was raised with the teen retailer with regards to American Eagle Outfitters Inc since the company is set to deal with the tougher competition. During the last trading session, the shares of American Eagle Outfitters Inc were found to have decreased by around 10% to reach the share price of $ 14.76. At present, the shares of American Eagle Outfitters Inc are found trading at the price of $ 15.17 with the fall of about – 7.42%.
Following this fall experienced by the shares of American Eagle Outfitters Inc, the shares of fellow retailers of teen apparels like Aeropostale Inc and Abercrombie & Fitch Co also fell. At present, the shares of Aeropostale Inc are trading at the price of $ 11.87 at the decline percentage of – 1.00% while the shares of Abercrombie & Fitch Co are trading with the price of $ 47.96 at a low of – 1.09%.
It is to be noted that American Eagle Outfitters Inc is the latest in the retailer chain for reporting the disappointing results. The retailer chain which had produced the weaker results during the second quarter has cut their outlooks for this year due to the raising concerns regarding the consumer spending. For the upcoming third quarter, this retailer chain anticipates to produce a profit of around 14 to 16 cents for each share. In contrast to these figures, the analysts expect a profit of around 35 cents for each share which is more than two times of the expectations made by retailer chain. Moreover, these figures show a steep fall from the earnings per share produced during the last year which was 41 cents for each share.