Abercrombie stock falls on Wall Street's sales growth expectations
Abercrombie & Fitch (ANF) shares slide nearly 5% in Tuesday’s session despite the fashion retailer matching third quarter revenue estimates and raising guidance; Wall Street soured on the company’s sales growth as it expected a much higher figure.
Brad Smith and Seana Smith examine Abercrombie’s third quarter performance — noting Robert Ball’s promotion to CFO — on Yahoo Finance’s Wealth.
To watch more expert insights and analysis on the latest market action, check out more Wealth here.
This post was written by Luke Carberry Mogan.