Abercrombie & Fitch Stock Is Tumbling. Earnings Weren't the Problem. — Barrons.com
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Abercrombie & Fitch's stock fell 7.5% to $88.87 in premarket trading after the retailer reported adjusted earnings of $3.57 per share, slightly above estimates, and revenue of $1.58 billion, also beating expectations. However, the company issued disappointing guidance for the first quarter and full year, forecasting earnings below analyst predictions. CEO Fran Horowitz expressed confidence in future growth, and the board authorized a new $1.3 billion stock repurchase program.
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