American Eagle Slips, KKR Gains, Boeing Lands Major Deal
On this episode of Stock Movers:- American Eagle (AEO) shares slip as the company pulled its guidance for the full year following a first quarter that was marred by discounting and a write-down of inventory, sending the stock down in New York trading. In a preliminary earnings release, the apparel chain said comparable sales are expected to be down about 3% in the three-month period ended May 3. Revenue is projected to be about $1.1 billion, a decline of roughly 5% from a year earlier.- KKR & Co. (KKR) shares rose after Morgan Stanley upgraded the private equity firm to overweight from…
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