NewzNEW ALBANY, Ohio (AP) — NEW ALBANY, Ohio (AP) — Abercrombie & Fitch Co. (ANF) on Wednesday reported fiscal second-quarter earnings of $183.7 million. The New Albany, Ohio-based company said it had profit of $4.17 per share.
Earnings, adjusted for non-recurring gains, were $2.42 per share. The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.95 per share.
The teen clothing retailer posted revenue of $1.27 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $1.24 billion. Abercrombie expects full-year earnings to be $13.10 to $13.60 per share.
Abercrombie shares have fallen 13% since the beginning of the year. The stock has climbed 9% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.
Access a Zacks stock report on ANF at https://www.zacks.com/ap/ANF Source ORRVILLE, Ohio (AP) — ORRVILLE, Ohio (AP) — J.M. (SJM) on Wednesday reported fiscal first-quarter net income of $324.3 million.
The Orrville, Ohio-based company said it had net income of $3.03 per share. Earnings, adjusted for one-time gains and costs, were $3.24 per share. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.21 per share.
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