Why Abercrombie & Fitch Stock Sank Today
A beat-and-raise second quarter wasn't enough to put Abercrombie Fitch (NYSE: ANF) stock in positive territory on Wednesday. While there was much to like about the company's earnings release published before market open, concerns about the impact of tariffs curbed enthusiasm.
The clothing retailer's stock closed more than 1% lower, while the S 500 (SNPINDEX: ^GSPC) ticked up by 0.2%.
For the quarter, Abercrombie notched a new all-time high revenue figure of $1.19 billion, which was 7% higher on a year-over-year basis. On the bottom line, non-GAAP (generally accepted accounting principles) adjusted net income landed at nearly $113 million ($2.32 per share).
Source Fool.com
Abercrombie + Fitch A Aktie
93,60 €
0,64 %
Die Abercrombie + Fitch A Aktie steht gut da: Deutlich mehr Buy- als Sell-Einschätzungen in der Community.
Ein positives, wenn auch nicht starkes, Potenzial für Abercrombie + Fitch A mit einem Kursziel von 107 € im Vergleich zu 93.6 €.
