BUZZ- Abercrombie & Fitch rises on quarterly profit beat

Abercrombie & Fitch

Abercrombie & Fitch

ANF

0.00

** Shares of apparel retailer Abercrombie & Fitch ANF.N up ~5% at $78.31 in premarket trading

** Co beats Wall Street expectations for first-quarter profit, helped by strong apparel demand in the United States

** ANF flags weakness in its Europe, the Middle East and Africa segment due to the ongoing Iran war

** Q1 adjusted net income per diluted share of $1.45 vs estimates of $1.28 - data compiled by LSEG

** Logs Q1 net sales of $1.11 bln vs estimates of $1.12 bln

** Maintains annual net sales and profit targets

** As of last close, stock down 41% YTD