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Aeropostale Swathed in Red on Plummeting Sales, Deep Losses

Aeropostale is capping off an earnings season which has been extraordinarily tough for retail. The chain saw revenue drop 16% and comparable-store sales tumble 15% in a quarter which suffered from harsh weather, deep discounting and consumers' reluctance to spend. On an unadjusted basis, net losses of 90 cents a share were nearly triple what analysts had expected. For the current quarter, management expects net losses of 70 cents to 75 cents a share, compared to a forecast 17-cent loss.