Subscribe to RSSAeropostale Q4 Profit Jumps 42%, Beating View (ARO)
Clothing retailer Aeropostale, Inc. ( ARO ) said late Thursday that its fourth quarter profit jumped 42% from last year, helped by higher sales. The New York-based company reported fourth quarter net income of $96.6 million, or 99 cents per share, up from $68.2 million, or 67 cents per share, in the year-ago period. Revenue jumped 16% from last year, to $801.2 million. On average, Wall Street analysts expected a smaller profit of 95 cents per share, on much lower revenue of $786 million. Looking ahead, the company forecast first quarter profits of 39 to 40 cents per share, which would beat analysts’ estimates for 37 cents. Aeropostale shares rose $1.65, or +6.1%, in premarket trading Friday. The Bottom Line Shares of ARO are near the all-time high levels of $30 a share. The stock has technical support in the $24 price area. We do not currently rate this non-dividend paying stock, but we do follow the company closely. Aeropostale, Inc. ( ARO ) does not currently pay a dividend. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
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Aeropostale Q4 Profit Jumps 42%, Beating View (ARO)
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