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.
Earnings
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
Revenue declined 12% to $911 million and missed analysts’ estimate of $918.3 million.
Outlook
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.
| Symbol | Mutual Fund | Stake |
|---|---|---|
| FLPSX | Fidelity Low-Priced Stock | 10.12% |
| VSCAX | Invesco SmallCapValue | 4.50% |
| 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).