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UPDATE 1-American Eagle posts surprise rise in comparable sales

(Adds details, shares)

Aug 23 (Reuters) - American Eagle Outfitters Inc reported a surprise rise in comparable sales for the second straight quarter and posted better-than-expected quarterly sales and profit helped by strong demand for its Aerie line of lingerie.

Shares of the teen apparel maker rose 12.4 percent to $12.60 before the bell on Wednesday.

Comparable sales of the Aerie brand jumped 26 percent in the second quarter ended July 29, handily beating the 16.4 percent rise expected by analysts polled by Consensus Metrix.

The company's comparable sales rose 2 percent in the quarter, beating analysts' average estimate of a dip of 0.4 percent, according to research firm Consensus Metrix.

Net income fell to $21.2 million, or 12 cents per share, in the quarter ended July 29, from $41.6 million, or 23 cents per share, a year earlier.

Excluding certain items, the company earned 19 cents per share, while net revenue rose 2.7 percent to $844.6 million.

The company said it incurred $21 million related to restructuring charges on conversion of company-owned and operated stores in the United Kingdom, Hong Kong and China to licensed partnerships.

Analysts on average had expected earnings of 16 cents per share and revenue of $824 million in the quarter, according to Thomson Reuters I/B/E/S. (Reporting by Gayathree Ganesan in Bengaluru; Editing by Shounak Dasgupta)