11:31 AM Jefferies weighs in on Abercrombie & Fitch (ANF +12.5%), saying its 4Q was awful, but it really doesn't matter. What matters now is that 2012 expectations are low, the long term growth strategy is on track, its cash flow and balance sheet are robust, and the current risk/reward for this stock is extremely favorable. The company is well positioned for the new year with the right strategy, brand and ability to execute.
8:57 AM Shares of Abercrombie & Fitch (ANF) trade 5.4% higher premarket after the firm misses the EPS estimate of analysts with its Q4 report. Investors are looking forward at the moment - latching on to the firm's FY12 guidance for EPS to fall in at $3.50-$3.75, well-above the consensus mark of $3.47.
7:15 AM Abercrombie & Fitch (ANF): Q4 EPS of $1.12 misses by $0.03. Revenue of $1.33B (+15.7% Y/Y) in-line. (PR)
8:57 AM Shares of Abercrombie & Fitch (ANF) trade 5.4% higher premarket after the firm misses the EPS estimate of analysts with its Q4 report. Investors are looking forward at the moment - latching on to the firm's FY12 guidance for EPS to fall in at $3.50-$3.75, well-above the consensus mark of $3.47.
7:15 AM Abercrombie & Fitch (ANF): Q4 EPS of $1.12 misses by $0.03. Revenue of $1.33B (+15.7% Y/Y) in-line. (PR)
