Abercrombie & Fitch Co. (NYSE: ANF) gains after Reports

Abercrombie & Fitch Co. (NYSE: ANF) reported that its third-quarter net income of $38.8 million, or cents a share and net sales fell 15% to $765.4 million from $896.3 million. However, it reported net income per diluted share of 44 cents a share against 72 cents a share same quarter last year.

Abercrombie & Fitch reported gross profit of 63.6%, a decrease of 2.40% due to lower average unit retail and was a reduction in average unit cost. Abercrombie & Fitch comparable store sales also decreased by 18% in the third quarter of current fiscal.

Abercrombie also opened a flagship location in Milan and two Hollister mall-based stores in the United Kingdom.

Abercrombie & Fitch Co. (Public, NYSE: ANF) is currently trading at $38.70, up 5.28% in the pre-market session. Yesterday shares of ANF closed at $36.76.