RBC Capital Downgrades Abercrombie & Fitch (ANF) to Underperform
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ABERCROMBIE & FITCH CO. REPORTS THIRD QUARTER RESULTS
November 18, 2016 7:31 AM ESTNew Albany, Ohio, November 18, 2016: Abercrombie & Fitch Co. (NYSE: ANF) today reported GAAP net income per diluted share of $0.12 for the third quarter ended October 29, 2016, compared to GAAP net income per diluted share of $0.60 for the third quarter last year. Excluding certain items, the company reported adjusted non-GAAP net income per diluted share of $0.02 for the third quarter, compared to adjusted non-GAAP net income per diluted share of $0.48 last year. The adverse impact from year-over-year changes in foreign currency exchange rates for the quarter was approximately $0.09... More
