Earnings, Sales Well Above Consensus
Abercrombie & Fitch earned $0.87 a share in the third quarter on sales of $1.17 billion. Analysts had only expected $0.59 and $1.11 billion, respectively. Profit for the full year is now expected to be at least $2.85 a share, well above the $2.48 consensus estimate. ANF rockets 32 percent before the bell on my tradeMONSTER platform.
Cisco Systems Climbs on Strong Results
Cisco Systems earned $0.48 a share, beating the $0.46 analyst estimate. Revenue of $11.9 billion also exceeded the $11.77 billion Street forecast. CSCO rallies 7.5 percent in the premarket.
Staples Inches Past the Street
Staples earned $0.46 a share in the third quarter, slightly better than the $0.45 expected by analysts. Sales missed expectations, but management reaffirmed full-year guidance, and that's good enough to give SPLS a lift of almost 5 percent in early trading.
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