Before Wednesday’s opening bell, Abercrombie & Fitch released its third quarter financial results, which came in lower from last year, but beat analysts’ earnings expectations.
The company reported adjusted earnings of $30.4 million, or 42 cents per share, down 25% from $40.5 million, or 52 cents per share, in the year prior. On average, analysts expected to see EPS of 41 cents.
Revenue declined 12% to $911 million and missed analysts’ estimate of $918.3 million.
Looking ahead, the company expects to see FY2015 earnings between $1.50 and $1.65 per share. On average, analysts expect to see $1.74 per share in earnings.
Mutual Funds to Watch
Investors that are interested in Abercrombie & Fitch may also be interested in the mutual funds that currently offer exposure to the company. Below are the three mutual funds with the largest exposure to ANF.
|FLPSX||Fidelity Low-Priced Stock||10.12%|
|ACGIX||Invesco Growth and Income||3.40%|
The Bottom Line
The funds listed below allow investors to gain exposure to a wide range of securities and industries. Investors interested in ANF may also be interested in The Buckle (BKE), American Eagle (AEO) and The Gap (GPS).