Abercrombie & Fitch Shares Surge 33% After Q3 Beat and Raised Full-Year Outlook
Abercrombie & Fitch Co. (NYSE: ANF) shares jumped more than 33% on Tuesday after the retailer posted stronger-than-expected third-quarter results and lifted its full-year guidance, driven by robust momentum at its Hollister brand. The company reported adjusted earnings of 2.20. Revenue rose 7% year over year to a record 1.28 billion and marking its 12th straight quarter of growth. Hollister brands led perfor ...