Why American Eagle Outfitters Shares Are Trading Lower? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) fell during Thursday's session following first-quarter results.

American Eagle Outfitters reported adjusted earnings of 17 cents per share and quarterly revenue of $1.143 billion, up from $1.08 billion from the same period last year, but below the analyst estimate of $1.15 billion, according to data from Benzinga Pro.

American Eagle Outfitters sees second-quarter operating income in a range of $95 million to $100 million and fiscal-year 2024 operating income in a range of $445 million and $465 million.

American Eagle Outfitters shares fell 4.5% to $22.98 on Thursday.

Here are some other stocks moving in today’s mid-day session.

Gainers

• Cue Health Inc. (NASDAQ:HLTH) shares jumped 100.7% to $0.11. Cue Health shares dipped around 40% on Wednesday after the company announced that it filed voluntary petitions under Chapter 7 of the U.S. Bankruptcy Code in the District of Delaware to pursue a wind down of its business.
• Smart for Life, Inc. (NASDAQ:SMFL) shares jumped 57% to $6.14 after gaining around 17% on Wednesday. Smart For Life completed restructuring program, enhancing financial stability.
• Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) rose 51% to $0.6735. Faraday Future Intelligent Electric recently reported worse-than-expected fiscal year 2023 sales results and withdrew its production target guidance. The company also received a written notice from Nasdaq regarding its failure to timely file the Quarterly Report on Form 10-Q, further impacting investor confidence.
• Latam Logistic Properties, S.A. (NYSE:LPA) gained 61% to $53.35.
• OneMedNet Corporation. (NASDAQ:ONMD) shares climbed 41.5% to $2.7650 after the company announced that it has entered into a non-exclusive three-year Master Services Agreement with an undisclosed U.S.-based medical technology company.
• Serve Robotics Inc. (NASDAQ:SERV) gained 33% to $3.6931
• Kintara Therapeutics, Inc. (NASDAQ:KTRA) shares rose 26% to $0.3421 after jumping around 45% on Wednesday. 
• Phoenix New Media Limited (NYSE:FENG) jumped 26% to $2.2781.
• Foot Locker, Inc. (NYSE:FL) gained 25.9% to $28.35 following a first-quarter earnings beat.
• American Superconductor Corporation (NASDAQ:AMSC) shares jumped 25.4% to $19.79 following strong quarterly earnings.
• Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) jumped 22% to $8.21 following first-quarter results.
• SOBR Safe, Inc. (NASDAQ:SOBR) gained 21.8% to $0.3682.
• American Superconductor Corporation (NASDAQ:AMSC) jumped 19.4% to $18.85 following strong quarterly earnings.
• Burlington Stores, Inc. (NYSE:BURL) rose 19.2% to $238.93 following better-than-expected first-quarter earnings.
• Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) gained 18.4% to $3.7088.
• Claros Mortgage Trust, Inc. (NYSE:CMTG) rose 16.1% to $8.11.
• Humacyte, Inc. (NASDAQ:HUMA) climbed 16% to $8.95.
• Fitell Corporation (NASDAQ:FTEL) climbed 15.1% to $19.57.
• Nexalin Technology, Inc. (NASDAQ:NXL) shares climbed 15% to $0.7650 after dipping 29% on Wednesday.
• Alignment Healthcare, Inc. (NASDAQ:ALHC) gained 12.6% to $7.86 after Baird initiated coverage on the stock with an Outperform rating and $10 price target.
• HP Inc. (NYSE:HPQ) rose 12.5% to $36.94 following better-than-expected second-quarter financial results.
• C3.ai, Inc. (NYSE:AI) gained 12.2% to $26.89 following strong fourth-quarter earnings.
• Credo Technology Group Holding Ltd (NASDAQ:CRDO) gained 12.5% to $22.76 following upbeat earnings.
• Forward Air Corporation (NASDAQ:FWRD) gained 11.5% to $15.98
• Birkenstock Holding plc (NYSE:BIRK) rose 10.5% to $55.26 after the company reported strong second-quarter earnings and raised its full-year revenue growth guidance.
• Best Buy Co., Inc. (NYSE:BBY) gained 9% to $78.37 following first-quarter earnings.
• Advance Auto Parts, Inc. (NYSE:AAP) rose 5.4% to $65.88.