Abercrombie & Fitch stock surges after profit beat

The apparel retailer's earnings per share of $1.47 topped analyst estimates by 15.7%, though revenue fell slightly short of expectations

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Abercrombie & Fitch reported first-quarter earnings per diluted share of $1.47, beating analyst expectations and sending ANF stock up in premarket trading on Wednesday. The consensus analyst estimate had been $1.27 per share, per Yahoo Finance.

Net sales rose 2% from a year earlier to $1.1 billion, marking the company's 14th consecutive quarter of sales growth, the company said. Wall Street had been looking for $1.12 billion........

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