NEW ALBANY, Ohio — Abercrombie & Fitch Co. today reported fiscal third-quarter earnings of $47.2 million.
On a per-share basis, the company said it had net income of 77 cents. Earnings, adjusted for asset impairment costs, came to 86 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.
The teen clothing retailer posted revenue of $905.2 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $894.4 million.
Abercrombie shares have more than doubled since the beginning of the year. The stock has more than doubled in the past 12 months.