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Abercrombie & Fitch Q3 Profit Increases - Quick Facts

Abercrombie & Fitch Co. (ANF: Quote) reported third-quarter net income of $71.5 million and net income per share of $0.87 for the thirteen weeks ended October 27, 2012, compared to net income of $50.9 million and net income per share of $0.57 for the thirteen weeks ended October 29, 2011.

Net sales for the thirteen weeks ended October 27, 2012 increased 9% to $1.170 billion from $1.076 billion for the thirteen weeks ended October 29, 2011. Total comparable store sales for the quarter decreased 3%.

Analysts polled by Thomson Reuters expected the company to report profit of $0.59 per share on revenue of $1.11 billion for the quarter. Analysts' estimates typically exclude special items.

The company is now projecting full year earnings per share of approximately $2.85 to $3.00. Analysts expect the company to report 2012 profit per share of $2.48.

On November 13, 2012, the Board of Directors declared a quarterly cash dividend of $0.175 per share on the Class A Common Stock of Abercrombie & Fitch Co. payable on December 11, 2012 to shareholders of record at the close of business on November 26, 2012.

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by RTT Staff Writer

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This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed... Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
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