Abercrombie shares jump 13% on earnings beat even as Iran conflict hits sales
Israel
Abercrombie & Fitch posted mixed first-quarter results on Wednesday and weaker-than-expected guidance after the conflict in the Middle East "directly impacted" sales, the company said. Despite those challenges, shares jumped about 13% in morning trading as the company easily topped Wall Street's earnings estimates. Sales in Abercrombie's Europe, Middle East and Africa region fell 10% during the quarter, driven by a slowdown in demand at the brand's Hollister banner that came as the conflict
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