Boston, MA 05/28/2013 (wallstreetpr) – The share prices of Aeropostale Inc. (NYSE:ARO) had declined by 10.44 percent to close at $14.76 per share during the end of last trading session. The shares had been trading in the range of $14.56 to $15.67 per share during the day. The 52 week low price for Aeropostale Inc. (NYSE:ARO) had been $11.76 per share and the 52 week high price level for the company is $20.99 per share.
First quarter financial results
Aeropostale Inc. (NYSE:ARO) had recently reported its financial results for the first quarter of 2013 in which the company had been able to beat the analyst expectations. The specialty retailer of casual apparel and accessories had posted revenue for the quarter at $452.3 million while the analyst estimates were at $444.26 million. Further the net loss attributable to shareholders was posted at $0.16 per basic and diluted share which was one cent better than the analysts’ expected loss of $0.17 per share.
Aeropostale Inc. (NYSE:ARO) is involved in the retail sales of specialty apparel and accessories for men, women and kids and operates from mall based stores. The retailer operates its business through two major stores – Aeropostale store for 14 to 17 year old young men and women and P.S. from Aeropostale stores targeting 4 to 12 year old kids. The retailer presently trades in strong volume with the last trading volume being 7.79 million shares for the day, while the average trading volume for Aeropostale Inc. (NYSE:ARO) is only 2.53 million shares per day.
