Abercrombie & Fitch Co. (NYSE: ANF) unveiled its financial performance for the second quarter of the year to the general public. The disclosure was made before the start of trading.
The results caught the attention of Wall Street, largely since earnings along with revenues exceeding expectations.
The organization announced a quarterly Non-GAAP income of $2.5 per share, as revenues hit $1134 million.
The performance outshined the analysts projected $2.22 profit per share derived from the $1100.7 million in revenues.
Comparing to the identical quarter of previous year revenues grew 21.24 percent, while the profit per share advanced 127.27 percent.
The company has made changes to its projected revenue for fiscal year 2024. The revised forecast now indicates a range of $4.82 to $4.86 billion, as opposed to the previous expectation of $4.73 billion.
Conversely Wall Street analysts forecast revenue of $4.79 billion along with per share profit of $9.78 for the full year.
| Period | Type | Company Outlook |
Analysts Estimate |
Company Vs.* Analysts |
|---|---|---|---|---|
| FY 2024 | REV | $4.82 B~$4.86 B | $4.79 B | 1% |
*Based on mid-point
Throughout Tuesday’s trading, Abercrombie & Fitch (ANF) shares fluctuated between $160.25 and $168.50, with a trading volume of 2.18 million shares. The stock ended the regular trading session at $166.61, indicating a gain of 0.91 percent.
