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Abercrombie & Fitch (ANF)
Abercrombie & Fitch Co. (ANF: sentiment, chart, options) announced prior to the open this morning that its fiscal fourth-quarter earnings fell 31%, as the teen clofactor retailer's sales and margins continued to fall, but at a slower rate. For the quarter, ANF posted a profit of $47.5 million, or 53 cents a share, down from $68.4 million, or 78 cents a share, a year earlier. Excluding losses from discontinued operations and write-downs, earnings fell to 91 cents per share. Analysts had predicted per-share earnings of 87 cents. The business said revenue decreased 4.6% to $936 million. Gross margin fell to 63.5%, from 64.6%, contemplating that of the fact of lower average unit pric ... [Click Here - Penny Stock Advice]
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