American Eagle current-quarter profit forecast misses estimates

Reuters

Dec 6 (Reuters) - Teen apparel retailer American EagleOutfitters Inc forecast current-quarter profit belowanalysts' estimates due to intense discounting in the holidays.

The company said it expects a fourth-quarter profit of 26cents to 30 cents per share. Analysts on average were expectinga profit of 39 cents per share, according to Thomson ReutersI/B/E/S.

American Eagle also forecast mid single-digit percentagedecline in comparable-store sales.

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