Abercrombie & Fitch (ANF.US) soared nearly 30% to $84.61 on Tuesday following the release of its stronger-than-expected third-quarter earnings report.
The company reported adjusted earnings per share (EPS) of $2.36, surpassing FactSet's estimate of $2.17. Net sales reached $1.291 billion, exceeding the IBES forecast of $1.274 billion and marking a 7% year-over-year increase.
Additionally, Abercrombie & Fitch raised its fiscal 2025 earnings guidance to an adjusted EPS range of $10.20 to $10.50, higher than analyst expectations. The company also projected full-year net sales growth of 6% to 7%.
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