UPDATE: Abercrombie & Fitch Posts Q3 Net Loss

Abercrombie & Fitch Co ANF posted a loss in the fiscal third quarter. Abercrombie posted a quarterly loss of $15.6 million, or $0.20 per share, versus a year-ago profit of $84 million, or $1.02 per share. Excluding one-time items, its adjusted earnings came in at $0.52 per share. Abercrombie had earlier expected earnings of $0.40 to $0.45 per share. Its gross margin shrank to 63% from 64.3%. Its net sales declined 12% to $1.03 billion. Abercrombie & Fitch shares fell 0.26% to $34.90 in pre-market trading.