Ohio-based retail brand Abercrombie & Fitch Co. (ANF) has dropped 12% in the market despite posting a better second-quarter result. Both the revenue and the earnings trumped Street view. The retail brand reported a net income of $108.50 million or $1.69 earnings per share, compared to $5.46 million or $0.09 earnings per share in the same quarter last year. On an adjusted basis, the net income for the company was $109.06 million or $1.70 earnings per share, up from $14.71 million or $0.23 earnings per share in the same quarter last year. On average, ten analysts polled by Thomson Reuters projected the net income to be $0.72 per share. The company reported $1.64 billion in revenue for the quarter, up from $1.18 billion last year, driven by a 31% increase in revenue to $601.76 million in the US. Eight analysts estimated the revenue to be $869.32 million for the quarter. Currently, the shares are trading hands at $35.42, down $4.38 or 11.01% since their previous close at $39.80 on Wednesday. The shares opened at $36.40 in the morning and in the 52-week period, the shares have ranged between $11.68 and $47.29.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.