Investing.com - Abercrombie&Fitch reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Abercrombie&Fitch announced earnings per share of $1.14 on revenue of $1.16B. Analysts polled by Investing.com anticipated EPS of $1.27 on revenue of $1.18B.
Abercrombie&Fitch shares are up 2.93% from the beginning of the year and are trading at $32.25 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Abercrombie&Fitch shares lost 10.04% in pre-market trade the report.
Abercrombie&Fitch follows other major Consumer Discretionary sector earnings this month
Abercrombie&Fitch's report follows an earnings beat by Amazon.com on February 3, who reported EPS of $27.75 on revenue of $137.41B, compared to forecasts EPS of $3.61 on revenue of $137.68B.
Home Depot had beat expectations on February 22 with fourth quarter EPS of $3.21 on revenue of $35.72B, compared to forecast for EPS of $3.18 on revenue of $34.88B.
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