March 8 (Reuters) - American Eagle Outfitters Increported better-than-expected comparable store sales for theholiday shopping quarter, helped by robust demand for its Aerieline of lingerie, and forecast current-quarter profit aboveexpectations.
The company's shares rose 3.3 percent in premarket tradingon Thursday.
American Eagle's comparable sales rose 8 percent in thefourth quarter ended Feb. 3, beating analysts' average estimateof a 7.34 percent rise, according to Thomson Reuters I/B/E/S.
Same-store sales for the Aerie brand jumped 34 percent,cruising past the 26.86 percent rise expected by analysts.
Net income rose to
Excluding a one-item tax benefit of
Net revenue rose 12 percent to
The company said it expects first-quarter earnings per shareto be about
Analysts on average were expecting
(Reporting by Vibhuti Sharma in Bengaluru; Editing by SrirajKalluvila)