Why Abercrombie & Fitch Stock Is Soaring Today
Shares of Abercrombie & Fitch (NYSE: ANF) are flying higher on Wednesday. The company's stock had gained 15% as of 2:36 p.m. ET. The jump came as the S&P 500 and the Nasdaq Composite were mostly flat.The clothing retailer reported its first-quarter numbers before the market opened on Wednesday, beating Wall Street targets.Abercrombie released its Q1 earnings, revealing a strong quarter and guidance even in the face of tariff uncertainty. The company delivered earnings per share (EPS) of $1.59 on sales of $1.10 billion for the quarter, beating consensus expectations of $1.39 on $1.07 billion in sales.Continue reading
Shares of Abercrombie & Fitch (NYSE: ANF) are flying higher on Wednesday. The company's stock had gained 15% as of 2:36 p.m. ET. The jump came as the S&P 500 and the Nasdaq Composite were mostly flat.
The clothing retailer reported its first-quarter numbers before the market opened on Wednesday, beating Wall Street targets.
Abercrombie released its Q1 earnings, revealing a strong quarter and guidance even in the face of tariff uncertainty. The company delivered earnings per share (EPS) of $1.59 on sales of $1.10 billion for the quarter, beating consensus expectations of $1.39 on $1.07 billion in sales.
