Shares of Aeropostale (ARO) saw some turbulent action during Wednesday's trading session. Shares rose over 6% during the regular trading session, but fell over 7% in after-hours trading.
The company made upbeat comments about sales over the Black Friday weekend, before the market open. Shares fell after the casual apparel retailer issued a disappointing outlook for the fourth quarter, after the close.
Third Quarter Results
Aeropostale reported third quarter revenues of $605.9 million, up 2% on the year. Revenues from the e-commerce business rose 12% to $51.1 million. Comparable sales fell by 1%, which compares to a same store sales decline of 7% last year. Revenues came in ahead of analysts expectations of $601.4 million.
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