Abercrombie & Fitch's stock surges after profit and sales beat, upbeat outlook
Shares of Abercrombie & Fitch Co. shot up 9.0% in premarket trade Wednesday, after the apparel retailer beat fiscal fourth-quarter earnings and sales expectations and provided an upbeat outlook, as strength in its Hollister stores offset weakness in Abercrombie. Net income for the quarter to Feb. 2 rose to $96.9 million, or $1.42 a share, from $74.2 million, or $1.05 a share, a year ago. Excluding non-recurring items, adjusted EPS slipped to $1.35 from $1.38, but was well above the FactSet... Читать дальше...
