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Abercrombie & Fitch Stock Surges on Rosy Outlook
Wednesday’s gains brought Abercrombie & Fitch shares back into positive territory for the yearCredit: Cheng Xin / Getty ImagesKey TakeawaysAbercrombie & Fitch shares surged Wednesday after quarterly results that topped analysts’ estimates.The retailer also raised its full-year profit and sales outlook. Abercrombie & Fitch shares are back in the green for the year after a stronger-than-expected quarter.Shares of Abercrombie & Fitch (ANF) were up nearly 28% in recent trading, erasing their year-to-date losses, after the retailer posted earnings that topped analysts’ estimates and lifted its…
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