American Eagle Shares Down 6% After Sales Results

NEW YORK -- Shares of American Eagle Outfitters Inc. were down 6% Thursday morning after the retailer said that November sales in its stores open at least one year were flat. Analysts surveyed by Thomson Reuters had expected a 1.4% increase. Most retailers on Thursday had reported better-than-expected results. American Eagle also issued fourth-quarter earnings guidance of between 43 cents and 46 cents a share. In the fourth quarter of 2009, the retailer saw earnings of 38 cents a share. Copyright © 2010 MarketWatch, Inc.