Q1 demonstrates progress toward our goals – American Eagle CEO
27 May '10
3 min read
Cash and Cash Equivalents, Short-term Investments and Long-term Investments The company ended the first quarter with total cash and cash equivalents, short-term investments and long-term investments of $732 million. This includes $197 million of investments in auction rate securities, net of impairment.
Share Repurchase In the first quarter, the company repurchased 4 million shares at a cost of approximately $72 million. The company currently has authorization to repurchase an additional 26 million shares, which expires at the end of fiscal 2010.
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