Investing.com - Abercrombie&Fitch reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Abercrombie&Fitch announced earnings per share of $-3.29 on revenue of $485.4M. Analysts polled by Investing.com anticipated EPS of $-1.33 on revenue of $521.76M. That with comparison to EPS of $-0.29 on revenue of $733.97M in the same period a year before. Abercrombie&Fitch had reported EPS of $1.31 on revenue of $1.18B in the previous quarter. Analysts are expecting EPS of $-0.79 and revenue of $652.55M in the upcoming quarter.
Abercrombie&Fitch shares are down 28.69% from the beginning of the year , still down 52.10% from its 52 week high of $25.74 set on May 28, 2019. They are under-performing the EUR/USD which is down 0% year to date.
Abercrombie&Fitch shares lost 5.44% in intra-day trade following the report.
Abercrombie&Fitch follows other major Services sector earnings this month
Abercrombie&Fitch's report follows an earnings missed by Amazon.com on April 30, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Alibaba ADR had beat expectations on May 22 with fourth quarter EPS of $9.2 on revenue of $114.31B, compared to forecast for EPS of $6.23 on revenue of $107.71B.
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