Collapse: Abercrombie & Fitch Co. (NYSE: ANF) is fighting a losing battle, as Kraft Foods (NYSE: KFT) shares are sagging

Kraft Foods (NYSE: KFT) shares slide down

In brief: Although Abercrombie & Fitch’s quarterly profit is exceeding analysts' forecasts, while its shares fall to their lowest.

Kraft Foods Inc. (NYSE: KFT) shares fell to 29.13 points, giving the bears -0.32 (-1.09%). Abercrombie & Fitch Co. (NYSE: ANF) is experiencing even greater troubles with its shares falling to 34.27 points, a loss of -3.36 (-8.93%), despite good profit.

American teenager clothing retailer Abercrombie & Fitch reported a profit of $ 19.5 million in the second quarter (22 cents per share). Except for a number of income items, the company’s profit totaled a median 24 cents per share, while analysts predicted 16 cents per share. The sales for the period under review rose by 17% to $ 745.8 million. These favorable indexes owe greatly to the influx of customers after the announcement of discounts on the company’s products.

Ukrainian Globalist
2010-08-17 15:48, Economics.

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