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Teen clothing retailer American Eagle Outfitters ( AEO ) on Wednesday posted first quarter earnings results that beat Wall Street's view and lifted its full-year outlook.

The Pittsburgh-based company reported first quarter net income of $39.7 million, or 20 cents per share, compared with $28.32 million, or 14 cents per share, in the year-ago period. Excluding special items, adjusted profit was 22 cents.

Revenue rose 18% from last year to $719.09 million.

On average, Wall Street analysts expected a smaller profit of 20 cents per share, on slightly lower revenue of $718.97 million.

Looking ahead, AEO lifted its full-year 2012 earnings outlook to a range of $1.16 to $1.22 per share, up from a prior estimate of $1.06 to $1.12. Analysts currently expect $1.18 per share for the year.

American Eagle shares fell 69 cents, or -3.5%, in premarket trading Wednesday.

The Bottom Line
Shares of American Eagle Outfitters ( AEO ) have a 2.22% dividend yield, based on last night's closing stock price of $19.79. The stock has technical support in the $16 price area. If the shares can firm up, we see overhead resistance around the $21-$22 price levels.

American Eagle Outfitters ( AEO ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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