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American Eagle Outfitters profit beats consensusin fiscal Q2

American Eagle Outfitters Inc. said its normalized net income for the fiscal second quarter ended Aug. 2 amounted to 4 cents per share, compared with the S&P Capital IQ consensus estimate of 0 cents per share.

EPS fell 57.6% year over year from 10 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $8.1 million, a decline of 57.8% from $19.1 million in the prior-year period.

The normalized profit margin dropped to 1.1% from 2.6% in the year-earlier period.

Total revenue declined on an annual basis to $710.6 million from $727.3 million, and total operating expenses totaled $698.5 million, compared with $697.9 million in the prior-year period.

Reported net income decreased 70.2% on an annual basis to $5.8 million, or 3 cents per share, from $19.6 million, or 10 cents per share.