Abercrombie off the mark in 3Q as turnaround efforts sputter


NEW ALBANY, Ohio (AP) — Abercrombie & Fitch Co. (ANF) on Friday reported fiscal third-quarter net income of $7.9 million.

On a per-share basis, the New Albany, Ohio-based company said it had profit of 12 cents. Earnings, adjusted for non-recurring gains, were 2 cents per share.

The results missed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The teen clothing retailer posted revenue of $821.7 million in the period, also missing Street forecasts. Ten analysts surveyed by Zacks expected $830.6 million.

Abercrombie shares have declined 37 percent since the beginning of the year. The stock has fallen nearly 10 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANF at https://www.zacks.com/ap/ANF

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Keywords: Abercrombie & Fitch, Earnings Report

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