Thursday, November 3, 2011

Aeropostle preannounces good earnings...

Aeropostale (ARO) rises 20% after preannouncing FQ3 revenue of $596.5M (-1% Y/Y) and EPS of $0.27-$0.28, well above Street estimates of $574.1M and $0.12. Same-store sales are expected to decline 9%, slightly better than FQ2's 10% drop. The apparel retailer reports earnings on Nov. 30.

ARO is up 2.95 to 17.97 this morning.

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