Investing.com - Abercrombie&Fitch reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Abercrombie&Fitch announced earnings per share of $-0.27 on revenue of $812.76M. Analysts polled by Investing.com anticipated EPS of $0.0856 on revenue of $799.76M.
Abercrombie&Fitch shares are down 23.26% from the beginning of the year and are trading at $18.60 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Abercrombie&Fitch shares lost 30.42% in pre-market trade the report.
Abercrombie&Fitch follows other major Consumer Discretionary sector earnings this month
Abercrombie&Fitch's report follows an earnings missed by Amazon.com on April 28, who reported EPS of $-7.56 on revenue of $116.44B, compared to forecasts EPS of $8.35 on revenue of $116.45B.
Home Depot had beat expectations on May 17 with first quarter EPS of $4.09 on revenue of $38.91B, compared to forecast for EPS of $3.69 on revenue of $36.71B.
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