Abercrombie & Fitch (ANF) reported first quarter net income of $0.03 per share Wednesday morning, down sharply from $0.28 per share last year. The consensus estimate was for EPS of $0.02. The company maintained its 2012 EPS forecast of $3.50 to $3.75.
Abercrombie & Fitch gapped open sharply lower Wednesday and is now down 5.15 at $40.25. The stock has been declining for nearly 2 weeks and has slipped beneath support at the lows of the year.
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