Abercrombie & Fitch Co. Q3 Profit Falls 96%

(RTTNews) - Abercrombie & Fitch Co. (ANF) released earnings for third quarter that dropped from last year.

The company said its bottom line dropped to $1.40 million, or $0.02 per share. This was down from $32.92 million, or $0.48 per share, in last year's third quarter.

Analysts had expected the company to earn $0.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.5% to $821.73 million. This was down from $878.57 million last year.

Abercrombie & Fitch Co. earnings at a glance:

-Earnings (Q3): $1.40 Mln. vs. $32.92 Mln. last year. -Earnings Decline (Y-o-Y): -95.7% -EPS (Q3): $0.02 vs. $0.48 last year. -EPS Decline (Y-o-Y): -95.8% -Analysts Estimate: $0.21 -Revenue (Q3): $821.73 Mln vs. $878.57 Mln last year. -Revenue Change (Y-o-Y): -6.5%