3 Stocks Move Thursday
- By Omar Venerio
Shares of Abercrombie & Fitch Co. (ANF) jumped more than 20% after the company posted third-quarter earnings of 33 cents per share on $861.2 million in revenue, reflecting 0.2% year-over-year growth. The company beat earnings estimates by 13 cents and revenue expectations by $7.33 million.
The gross profit margin was 61.3%, flat from the prior-year quarter. O perating income was $39.7 million, compared to $22.7 million last year. The company had a strong liquidity position; it ended the quarter with $520.5 million in cash and cash equivalents, up from $459.3 million a year ago .
Warning! GuruFocus has detected 3 Warning Signs with ANF. Click here to check it out.
The intrinsic value of ANF
Looking ahead to the fourth quarter , the company expects n et sales to be down by mid-single digits and comparable sales to be up by low single digits. For the full year, it projects n et sales will grow between 2% and 4%.
Shares of Box Inc. (BOX) lost about 0.4 % on Thurs day after announcing third-quarter results. The company posted a loss of 6 cents per share on $ 155 . 94 million in revenue , a 20 . 6 % year-over-year growth. The company beat earnings estimates by one cent and revenue expectations of $ 1 . 36 million .
"In the third quarter, we delivered solid revenue growth and continued to drive operational efficiencies, and we're on track to deliver our first quarter of non-GAAP profitability in the fourth quarter," Chief Financial Officer Dylan S mith said.
Free cash flow was -$4.1 million, compared to $6.3 million in the year-ago quarter . Th e decline was due to the anticipation of cash outflows , originally agreed to be paid in the next quarter.
Looking ahead to the fourth quarter , the company guided for revenue between $163.5 million and $164.5 million. Non- GAAP diluted earnings per share are projected to be in the range of 2 cents to 3 cents. For f ull fiscal 2019, the company expects revenue in the range of $608.2 million to $609.2 million.
Shares of Tilly's Inc. (TLYS) fell over 2 0% after reporting third-quarter earnings of 24 cents per share on revenue of $1 46 . 83 m illion, a 3. 9 % year-over-year decline . The company beat earnings estimates by one cent, but fell $ 2.22 million short of revenue expectations.
The g ross profit was $45.8 million, down 8.6 % from $50.1 million last year . The g ross margin decreased 160 basis points to 31.2% .
For the fourth quarter, the c ompany expects total net sales between $163 million and $168 million and earnings per diluted share between 22 cents and 26 cents.
D isclosure: The author holds no positions in any stocks mentioned .
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 3 Warning Signs with ANF. Click here to check it out.
The intrinsic value of ANF
