Abercrombie & Fitch reports second-quarter loss but tops expectations

MarketsAssociated Press

Abercrombie & Fitch Co. (ANF) on Wednesday reported a fiscal second-quarter loss of $810,000, after reporting a profit in the same period a year earlier.

The New Albany, Ohio-based company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs, came to 12 cents per share.

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The results topped Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The teen clothing retailer posted revenue of $817.8 million in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $811.3 million.

Abercrombie shares have decreased 40 percent since the beginning of the year. The stock has dropped 60 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 http://www.zacks.com/ap/ANF

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Keywords: Abercrombie & Fitch, Earnings Report