Tag: ANF

Abercrombie & Fitch Q2 Results and Q3 Guidance Way Below Forecasts

The teen apparel retailer, Abercrombie & Fitch Co. (NYSE: ANF) reported 33% plunge in fiscal second-quarter profit. The retailer’s earnings and revenue also missed Wall Street’s expectation by a wide margin. Speaking to analysts in a conference call, Abercrombie & Fitch’s CEO Mike Jefferies said that weakness in female apparel business and lower customer traffic were the key factors behind poor showing. For the fiscal third quarter, the Company expects earnings to be in the range of 40 cents to 45 cents while analysts polled by Thomson Reuters were anticipating $1.06 a share.

Major Movers on May 24; CRM, ARO, ANF, DF, SHLD, BLOX

Shares of Salesforce.com Inc. (NYSE: CRM) slumped about 8% by afternoon trade. The cloud software maker reported fiscal first quarter results late on Thursday. Even though non-GAAP earnings were in-line with estimate and revenue topped expectation, investors were disappointed due to sequential decline in deferred revenue and earnings guidance for the current quarter. Deferred revenue is a key gauge for future orders as the Company follows subscription based business model.  Net loss also widened in the first quarter as higher interest expenses and operating costs put pressure on the bottom line.

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Abercrombie & Fitch Shares Rally on Q3 Results (ANF)

Shares of specialty apparel retailer, Abercrombie & Fitch Co. (NYSE: ANF) leaped over 30% in premarket trading on Wednesday after the company announced fiscal third-quarter results that topped Street’s estimates thanks to spectacular sales growth in international markets  even as it projected  full-year earnings guidance above analysts’ consensus estimate.

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