This morning, Abercrombie & Fitch (NYSE:ANF) reported second quarter earnings slid to $11.4 million, or 14 cents per share, on relatively flat revenue of $945.7 million. Excluding one-time items, the company would have earned 16 cents per share, falling very short of Wall Street's estimate of 28 cents per share. The company noted that a weakness in girl's clothing contributed to the poor quarter and prompted the company to provide third quarter guidance of just 40 to 45 cents per share -- well short of consensus estimates. Furthermore, Abercrombie & Fitch declined to give guidance past the current quarter, noting recent traffic trends would make projections difficult and unreliable. Shares of ANF were sharply lower on Thursday morning.
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