Abercrombie & Fitch's profit beats analyst estimate but stock falls
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Abercrombie & Fitch Co. reported better-than-expected third-quarter revenue and profit, yet its stock fell 1.6% in premarket trading.
November 26, 2024 | 1:45 pm
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Abercrombie & Fitch Co. reported better-than-expected third-quarter revenue and profit, but its stock fell 1.6% in premarket trading.
Despite the positive earnings report, the stock fell, indicating that investors may have had higher expectations or concerns about future performance. The market reaction suggests a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100