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International Business Times
International Business Times
Mark Moore

American Eagle Shares Plunge After Company Warns Of Weak Holiday Sales

American Eagle American Eagle Outfitters
Shares of American Eagle Outfitters fell after the apparel company said it expected weaker sales during the holiday season. (Credit: Tim Boyle/Getty Images)

Shares of American Eagle Outfitters plunged about 13% in extended trading on Wednesday after the retailer reported tepid sales expectations for the holiday season in its third-quarter earnings report.

The Pittsburgh-based apparel company said it expects fourth-quarter comparable sales to be up about 1% with total sales down about 4%, TipRanks Financial reported.

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