NEW YORK (TheStreet) -- Shares of
Aeropostale were weak in late trades on Wednesday after the casual apparel retailer gave a disappointing forecast for its fiscal fourth quarter.
New York-based Aeropostale said it expects to earn 35 to 38 cents a share in the three months ending in January, below the current average estimate of analysts polled by Thomson Reuters for a profit of 43 cents a share. The company said market conditions remain "incredibly promotional" with many of its competitors in the teen retailer space "increasing both the depth and breadth of their promotions."
The stock was last quoted at $15.05, down 3%, on volume of nearly 140,000, according to
Nasdaq.com. The shares gained more than 5% to close Wednesday's regular session at $15.51, but are down more than 40% year-to-date.
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