Shares of American Eagle Outfitters (NYSE: AEO) surged in pre-market trading on Tuesday after the lifestyle, clothing, and accessories retailer exceeded analysts' estimates on both the top line and bottom line. Total net revenues for AEO, declined 3% year-over-year to $1.2 billion but beat Street estimates by $30 million. AEO reported diluted earnings of $0.42 per share versus $0.74 in the same period last year and coming in ahead of analysts' estimates of $0.22. Interestingly, AEO's women's clothing brand Aerie delivered record Q3 revenues and operating profit. AEO's brand, Aerie posted revenues of $350 million, up 11% year-over-year and indicating a three-year Compounded Annual Growth Rate (CAGR) of 24%.
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