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Business, Stocks

“Abercrombie & Fitch shares soar more than 15% as retailer blows past earnings estimates, raises guidance”

“…Here’s how the retailer did in the fiscal second quarter ended July 29 compared with what Wall Street expected, based on a survey of analysts by Refinitiv:

  • Earnings per share: $1.10 vs. 17 cents expected
  • Revenue: $935.3 million vs $842.4 million expected

Shares jumped more than 15% in early trading Wednesday.

Net income for the three-month period rose to $56.9 million, or $1.10 per share, from a loss of $16.8 million, or 33 cents a share, in the year-ago period.

Net sales rose from $805.1 million in the year prior…”

https://www.cnbc.com/2023/08/23/abercrombie-fitch-anf-earnings-q2-2023.html

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