NEW ALBANY, Ohio (AP) 鈥� NEW ALBANY, Ohio (AP) 鈥� Abercrombie & Fitch Co. (ANF) on Wednesday reported fiscal first-quarter net income of $67.1 million.
The New Albany, Ohio-based company said it had profit of $1.47 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The teen clothing retailer posted revenue of $1.11 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $1.12 billion.
Abercrombie expects full-year earnings to be $10.20 to $11 per share.
Abercrombie shares have fallen 41% since the beginning of the year. The stock has risen 2% in the last 12 months.
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