A&F's shares surge on strong 3Q report
NEW YORK – Abercrombie & Fitch Co. 's shares are surging after the teen retailer raised its full-year earnings guidance on a strong third-quarter performance. The teen retailer, based in New Albany, Ohio, reported a 41 percent increase in its third quarter net income as international and direct-to- consumer sales strengthened. The company also says that its move to react more quickly to runway trends is also working. Its results beat Wall Street expectations. The strong quarterly performance is welcome news as A&F has been struggling to sell its preppy jeans and T-shirts when fashion trends are shifting and a rough economy has left teens around the world on tighter budgets. Shares soared $8. 97 or nearly 29 percent, to $40. 15 in morning trading Wednesday.
A&F's shares surge on strong 3Q report
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Company: Abercrombie & Fitch Co.
Overall Sentiment: 0.251068
Relevance: 0.910212
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City: New Albany
Overall Sentiment: 0.027877
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City: NEW YORK
Overall Sentiment: 0.0171471
Relevance: 0.617598
Disambiguation: References:
StateOrCounty: Ohio
Overall Sentiment: 0.199728
Relevance: 0.535707
Disambiguation: Location | PoliticalDistrict | AdministrativeDivision | GovernmentalJurisdiction | USStateReferences:
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A&F's shares surge on strong 3Q report
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- albany
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Abercrombie & Fitch Co.'s shares are surging after the teen retailer raised its full-year earnings guidance on a strong third-quarter performance.
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