Abercrombie & Fitch surprises Wall Street with earnings gains
August 28, 2020
Shares of Abercrombie & Fitch surged by as much as 17 percent after the retailer reported that cost-cutting and a big jump in digital sales helped it earn a profit of 23 cents a share in the second quarter. Analysts had been expecting A&F to post a loss of 83 cents.
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