Abercrombie & Fitch Co. (ANF) reported a first quarter net loss of $0.09 per share Friday morning, compared to the loss of $0.25 per share last year. The consensus estimate was for a loss of $0.05. The company expects to report second quarter EPS of $0.28 to $0.33 and between $3.15 and $3.25 for the full year. The consensus estimates are for EPS of $0.31 and $3.49.
Abercrombie & Fitch gapped open lower Friday and is now down 5.81 at $48.56 on above average volume. The stock has fallen to nearly a 3-week low and has dropped below its 50-day moving average.
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