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StockNews.com
StockNews.com
Business
Anushka Dutta

1 Beaten-Down Apparel Stock to Avoid After Its Earnings Miss

Apparel retailer American Eagle Outfitters, Inc. (AEO) offers clothing, accessories, and personal care products under the American Eagle and Aerie brand names. The company’s portfolio includes specialty apparel for men and women, activewear and swim collections, accessories, and personal care products for women.

The retailer recently experienced a drop in its stock price after it missed the consensus estimate for its second-quarter earnings. The company reported $0.04 per share earnings, missing Street estimates by 70.4%. However, its revenue was almost in line with what analysts expected.

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