UPDATE: Abercrombie & Fitch Swings To Q1 Profit; Shares Surge In Pre-Market Trading

Abercrombie & Fitch Co ANF swung to a FQ1 profit, from a loss in the year-ago period. The company reported its quarterly profit at $25.1 million, or $0.28 per share, versus a loss of $11.8 million, or $0.13 per share, in the year-earlier period. Its sales surged 22% to $836.7 million from $687.8 million. Its total comparable store sales rose 10%. On a continuing operations basis, its profit came in at $0.27 per share. However, analysts were expecting profit of $0.11 per share on sales of $836.7 million. ANF shares rose 3.18% to $75.50 in pre-market trading. Read more from Benzinga's Company news.