Wednesday, November 16, 2011

Abercrombie & Fitch posts higher sales but not much earnings growth...

Abercrombie & Fitch (ANF). The teen clothes retailer posted a rise in quarterly profit as sales in America offset some slowdown in international businesses. For the third quarter, the company earned $50.9 million, or 57 cents a share, compared with $50 million or 56 cents a share last year. Sales rose 21 percent to $1.08 billion.

The stock is down 7.64 to 48.12 today.

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