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Benzinga
Benzinga
Business
Adam Eckert

Why Abercrombie & Fitch Stock Is Plunging Today

Abercrombie & Fitch ( ANF

Abercrombie & Fitch Co (NYSE:ANF) shares are trading lower Tuesday after the company reported financial results and issued weak guidance.

Abercrombie & Fitch said first-quarter revenue increased 4% year-over-year to $813 million, which beat the estimate of $799.31 million, according to data from Benzinga Pro. The company reported a quarterly loss of 27 cents per share, which was well below estimates for earnings of 8 cents per share.

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