There were some distinct winners and losers to kick off the holiday shopping season.
American Eagle Outfitters' (NYSE: AEO) stock price surged 18% on Nov. 22 in response to the company's third-quarter earnings report. The apparel retailer's revenue declined 3% year over year to $1.24 billion, but still beat analysts' estimates by $40 million. American Eagle Outfitters' (AEO) headline numbers cleared Wall Street's low bar, but its stock price remains down nearly 40% for the year after its latest rally.
American Eagle's (AEO) Q3 results reflect gains from improved inventory levels and reduced expenses despite higher markdowns and increased product costs.