RBC Capital Downgrades Abercrombie & Fitch (ANF) to Underperform
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
UBS Cuts Price Target on Abercrombie & Fitch (ANF) Following 3Q Miss
November 21, 2016 8:57 AM ESTUBS maintained a Neutral rating on Abercrombie & Fitch (NYSE: ANF), and cut the price target to $15.00 (from $18.00), following the company's 3Q earnings report. ANF reported EPS of $0.02, significantly below the Street's $0.21 estimate. Flagship and tourist locations remain challenged at A&F, with international... More
Abercrombie & Fitch (ANF) Misses Q3 EPS by 19c; Comps Fell 6%
November 18, 2016 7:33 AM ESTAbercrombie & Fitch (NYSE: ANF) reported Q3 EPS of $0.02, $0.19 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $821.7 million versus the consensus estimate of $830.6 million. Comparable sales for the third quarter down 6%.
"As expected, our third quarter was challenging. While Hollister improved sequentially, it was more than offset by disappointing performance in A&F. On a total company basis, conversion trends remained positive across both channels and the direct-to-consumer business grew domestically and internationally. In addition, we remained disciplined as expense and inventory were well... More