Pursuits

Abercrombie & Fitch Shares Jump After Earnings Top Estimates

A greeter stands in the doorway of an Abercrombie & Fitch location in New York.
Photographer: Scott Eells/Bloomberg

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By Lindsey Rupp

August 26, 2015 at 12:00 PM UTC

Updated on

August 26, 2015 at 8:14 PM UTC

This article is for subscribers only.

Abercrombie & Fitch Co. shares jumped the most in three months after the teen-clothing chain posted a surprise profit, fueling optimism that it can recover from years of slumping sales.

Excluding certain items, earnings amounted to 12 cents a share in the second quarter, the New Albany, Ohio-based company said in a statement Wednesday. Analysts had estimated a loss of 4 cents on average, according to data compiled by Bloomberg.