
Aeropostale (NYSE:ARO) Plunges on Missed Earnings and Guidance
Shares of Aeropostale (NYSE:ARO) fell 19% on Friday after the retailer reported Q4 earnings and forward guidance that came in well below analyst estimates. Management also introduced a new capital allocation plan that will result in significant dilution for equity shareholders. Analysts have lowered their estimates and target prices post the announcement; Barclays, which has equal weight on the stock, lowered its price target by … Continue reading Aeropostale (NYSE:ARO) Plunges on Missed Earnings and Guidance