Abercrombie & Fitch (ANF) results surpasses analysts' expectations

Abercrombie & Fitch (NYSE: ANF) was quoting at a 52 week high of $39.78 during mid-day trades on Friday, as Abercrombie & Fitch (ANF) posted a much better-than-expected quarterly profit on Friday, boosted by cost cuts.

The retailer Abercrombie & Fitch (ANF) shares soared by more than 8.2% to $39.78, from Thursday's closing of $36.76.

Excluding excpetional items, Abercrombie & Fitch (ANF) earned 30 cents per share, which was much higher than analysts' expectations of 20 cents per share.