Investing.com - Abercrombie&Fitch reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Abercrombie&Fitch announced earnings per share of $-3.29 on revenue of $485.4M. Analysts polled by Investing.com anticipated EPS of $-1.33 on revenue of $521.76M. That with comparison to EPS of $-0.29 on revenue of $733.97M in the same period a year before.Abercrombie&Fitch had reported EPS of $1.31 on revenue of $1.18B in the previous quarter.Analysts are expecting EPS of $-0.79 and revenue of $652.55M in the upcoming quarter.
Abercrombie&Fitch shares are down 28.69% from the beginning of the year and are trading at $12.33 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Abercrombie&Fitch shares lost 5.44% in intra-day trade after the report.
Abercrombie&Fitch follows other major Services sector earnings this month
Abercrombie&Fitch's report follows an earnings missed by Amazon.com on Thursday, April 30, 2020, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Alibaba ADR had beat expectations on Friday, May 22, 2020 with fourth quarter EPS of $9.2 on revenue of $114.31B, compared to forecast for EPS of $6.23 on revenue of $107.71B.
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