Market Overview

UPDATE: Abercrombie & Fitch Posts Higher Q4 Profit, Issues Downbeat FY13 Forecast

Related ANF
Abercrombie & Fitch Is In Troubled Waters: Can It Tide Over?
Brain Sozzi Saw 3 Retailers Making Deep Discounts On Super Saturday
Stocks Fall as China, Greece Reignite Global Jitters (Fox Business)

Abercrombie & Fitch Co (NYSE: ANF) reported a rise in its fiscal fourth-quarter earnings.

Abercrombie & Fitch expects FY13 earnings of $3.35 to $3.45 per share, versus analysts' estimates of $3.63 per share.

It also lifted its quarterly dividend to $0.20 from 17.5 cents per share.

Abercrombie & Fitch's quarterly profit surged to $157.2 million, or $1.95 per share, from $45.8 million, or $0.52 per share, in the year-ago period. Excluding special items, it earned $2.21 per share.

Its revenue rose 11% to $1.47 billion. However, analysts were expecting earnings of $1.96 per share on revenue of $1.49 billion.

Its gross margin rose to 63.4% from 59.5%.

Abercrombie & Fitch shares gained 3.87% to $50.95 in after-hours trading.

Posted-In: profitEarnings News Guidance Dividends

 

Related Articles (ANF)

Around the Web, We're Loving...

Get Benzinga's Newsletters