5 Stocks in The Limelight After Quarterly Reports

In this article, we discuss the 5 stocks in the limelight after quarterly reports. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks in The Limelight After Quarterly Reports.

5. Abercrombie & Fitch Co. (NYSE:ANF)

Number of Hedge Fund Holders: 31

Shares of Abercrombie & Fitch Co. (NYSE:ANF) fell more than 10 percent in the pre-market trading session on Tuesday, 23 November 2021, despite announcing better-than-expected financial results for the third quarter.

The Ohio-based lifestyle retailer reported adjusted earnings of 86 cents per share, up from 76 cents per share in the year-ago quarter. Revenue came in at $905.2 million versus $819.7 million in the comparable period of 2020.

Digital sales in the quarter rose eight percent versus last year to $413 million. Analysts were expecting Abercrombie & Fitch Co. (NYSE:ANF) to report earnings of 66 cents per share on total revenue of $895 million.

Speaking on the results, CEO Fran Horowitz said in a statement:

“The start of the holiday season has been promising. Customers have come out early to shop and have been responding well to assortments. We continue to actively manage through ongoing supply chain constraints, including production and delivery delays and elevated costs, and are confident that we have the product, marketing voice and omnichannel experience to surprise and delight new and existing customers throughout the fourth quarter.”