Abercrombie & Fitch (ANF) reported third quarter EPS of $0.30 Friday morning, which topped the consensus estimate of $0.20. Revenues fell to $765.4 million, from $896.3 million last year, but came in above the consensus estimate of $764.5 million.
Abercrombie & Fitch gapped open sharply higher Friday and climbed around mid-morning. Shares continued to rise for the majority of the afternoon and closed up by 3.92 at $40.68 on the highest volume of the year. The stock broke out of a one-month range and set a new high for the year.
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