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Aeropostale Slips Slightly on Heavy Volume
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ShareShares of Aeropostale Inc. (ARO) slipped around 2% on unusually high volume of about 5.5 million, against the average of 3.4 million.
The company announced today that its same-store sales increased 20% in April.
Stronger-than-expected sales and margin for the month led the company to revise its first-quarter profit outlook to approximately 46 cents per share, compared to its prior view of 32 cents.
In its fiscal fourth quarter, Aeropostale’s EPS came in a penny ahead of the consensus.
Meanwhile, 18 analysts out of 20 have boosted their full-year expectations, pushing the estimate higher by 12 cents per share to $2.34 over the past month.
Aeropostale is a Zacks #1 Rank ("Strong Buy") company.
Read the full analyst report on ARO
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