Posted On: 11/14/2012 7:39:12 AM
Post# of 102755
Abercrombie & Fitch profit rises 40%
Abercrombie & Fitch Co.'s (NYSE:ANF) fiscal third-quarter earnings rose 40% as the teen apparel retailer posted stronger margins and stronger sales abroad.
Shares surged 21% to $37.70 in premarket trading as the results topped expectations and Abercrombie raised its fiscal-year earnings outlook. Through Tuesday's close, the stock was down 36% this year.
For the fiscal year, Abercrombie now expects per-share earnings of $2.85 to $3, compared with the company's prior estimate for $2.50 to $2.75. http://www.marketwatch.com/story/abercrombie-...2012-11-14
Abercrombie & Fitch Co.'s (NYSE:ANF) fiscal third-quarter earnings rose 40% as the teen apparel retailer posted stronger margins and stronger sales abroad.
Shares surged 21% to $37.70 in premarket trading as the results topped expectations and Abercrombie raised its fiscal-year earnings outlook. Through Tuesday's close, the stock was down 36% this year.
For the fiscal year, Abercrombie now expects per-share earnings of $2.85 to $3, compared with the company's prior estimate for $2.50 to $2.75. http://www.marketwatch.com/story/abercrombie-...2012-11-14
(0)
(0)
