Abercrombie & Fitch reports second-quarter loss but tops expectations
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.
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.
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
Keywords: Abercrombie & Fitch, Earnings Report