U.S. markets open in 9 hours 23 minutes
  • S&P Futures

    3,249.75
    +11.75 (+0.36%)
     
  • Dow Futures

    26,815.00
    +100.00 (+0.37%)
     
  • Nasdaq Futures

    10,925.00
    +33.25 (+0.31%)
     
  • Russell 2000 Futures

    1,457.30
    +10.30 (+0.71%)
     
  • Crude Oil

    40.48
    +0.17 (+0.42%)
     
  • Gold

    1,872.00
    -4.90 (-0.26%)
     
  • Silver

    23.17
    -0.03 (-0.13%)
     
  • EUR/USD

    1.1667
    -0.0008 (-0.07%)
     
  • 10-Yr Bond

    0.6660
    -0.0100 (-1.48%)
     
  • Vix

    28.51
    -0.07 (-0.24%)
     
  • GBP/USD

    1.2748
    -0.0004 (-0.03%)
     
  • USD/JPY

    105.4260
    +0.0240 (+0.02%)
     
  • BTC-USD

    10,687.58
    -73.01 (-0.68%)
     
  • CMC Crypto 200

    226.50
    +17.56 (+8.41%)
     
  • FTSE 100

    5,822.78
    -76.48 (-1.30%)
     
  • Nikkei 225

    23,193.16
    +105.34 (+0.46%)
     

American Eagle swings to quarterly loss on coronavirus-led store closures

June 3 (Reuters) - American Eagle Outfitters Inc on Wednesday reported a quarterly loss, compared with a profit last year, as the apparel retailer was forced to close its stores due to the COVID-19 pandemic.

The company said its net loss stood at $257.2 million, or $1.54 per share, in the quarter ended May 2, compared with a profit of $40.8 million, or 23 cents per share, a year earlier, mainly due to an impairment charge of about $156 million.

Total revenue fell nearly 38% to $551.7 million during the quarter, compared with $886.3 million a year ago. (Reporting by Aditi Sebastian; editing by Uttaresh.V)