Investing.com - Abercrombie&Fitch reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Abercrombie&Fitch announced earnings per share of $0.86 on revenue of $905M. Analysts polled by Investing.com anticipated EPS of $0.6518 on revenue of $891.58M.
Abercrombie&Fitch shares are up 95.14% from the beginning of the year and are trading at $39.73 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Abercrombie&Fitch shares lost 15.54% in intra-day trade after the report.
Abercrombie&Fitch follows other major Consumer Discretionary sector earnings this month
Abercrombie&Fitch's report follows an earnings missed by Amazon.com on Thursday, October 28, 2021, who reported EPS of $6.12 on revenue of $110.81B, compared to forecasts EPS of $8.9 on revenue of $111.55B.
Home Depot had beat expectations on Tuesday, November 16, 2021 with third quarter EPS of $3.92 on revenue of $36.82B, compared to forecast for EPS of $3.42 on revenue of $34.95B.
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