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American Eagle Outfitters, Inc. (NYSE: AEO) shares closed down 9.45 percent on Friday with about 16.3 million shares traded. Shares tumbled as much as 11 percent after a disappointing earnings report. American Eagle beat estimates by a penny with an EPS of $0.19 for the third quarter, while revenues fell 5.8% to $857.3 million, but that was better than the consensus at $842.4 million. Same-store sales, meanwhile, were down 5% in the quarter. CEO Robert Hanson said the financial performance was "clearly unsatisfactory" and promised to focus on high-margin areas to drive profit growth again.
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AMR Corporation (OTC: AAMRQ) shares closed up 7.45 percent on Friday with about 22.6 million shares traded. It was one of the biggest gainers in the OTC market. A judge refused to block a merger between American Airlines and US Airways on Friday, saying a bankruptcy judge correctly rejected arguments made by a lawyer for some consumers.
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Micron Technology Inc. (NASDAQ: MU) shares closed up 3.05 percent on Friday and a hit a new 52-week high of $22.31 during intra-day trading. The stock traded about 33 million shares. The company has been featured favorably in several recent SeekingAlpha articles. Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide.
Get more information on Micron Technology Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/MU
Revolutionary Concepts, Inc. (OTC: REVO) shares closed up 100 percent on Friday with about 86 million shares traded. The stock was one of the biggest gainers in the OTC market. The company announced that it has been in talks with one of the world's largest internet related service companies to sell or license its patented mobile product portfolio. REVO developed the "EyeTalk Communicator," a mobile video, remote smart camera security technology. The system is designed to provide nationwide protection and monitoring of homes and businesses against multiple threats including robbery, fire, theft, burglary and other intrusions through mobile phones, wireless video and remote smart camera security technology.
Get more information on Revolutionary Concepts, Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/REVO
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