American Eagle Outfitters Inc. said its normalized net income for the fiscal third quarter ended Nov. 1 came to 24 cents per share, compared with the S&P Capital IQ consensus estimate of 22 cents per share.
EPS climbed 21.2% year over year from 20 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $46.8 million, a gain of 21.5% from $38.5 million in the year-earlier period.
The normalized profit margin climbed to 5.5% from 4.5% in the year-earlier period.
Total revenue totaled $854.3 million, compared with $857.3 million in the prior-year period, and total operating expenses fell year over year to $780.0 million from $796.2 million.
Reported net income decreased 61.4% from the prior-year period to $9.8 million, or 5 cents per share, from $25.3 million, or 13 cents per share.
