American Eagle: Fiscal Q2 earnings snapshot

PITTSBURGH — American Eagle Outfitters Inc. today reported fiscal second-quarter net income of $121.5 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the company said it had profit of 58 cents. Earnings, adjusted for non-recurring costs, came to 60 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The teen clothing retailer posted revenue of $1.19 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $1.23 billion.

American Eagle shares have increased 50% since the beginning of the year. The stock has more than doubled in the past 12 months.