By
Reuters
Reuters
Published
Jan 10, 2014
Jan 10, 2014
Abercrombie & Fitch raises full-year earnings forecast
By
Reuters
Reuters
Published
Jan 10, 2014
Jan 10, 2014
Teen apparel retailer Abercrombie & Fitch raised its full-year earnings forecast, citing higher-than-expected sales in the fourth quarter to date and ongoing cost reduction efforts.
Abercrombie shares rose 16 percent to $38.40 in extended trading.
The company said it now expects full-year adjusted earnings of $1.55-$1.65 per share, up from its previous forecast of $1.40-$1.50 per share.
© Thomson Reuters 2023 All rights reserved.