On Monday, Shares of Abercrombie & Fitch Co. (NYSE:ANF), included 1.10% and shut at $14.76 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $14.22 and $14.98. The business’ commercial center capitalization is $861.24 million with the aggregate fabulous loads of 67.66 million. Abercrombie & Fitch Co. (ANF) recently stated GAAP net income per diluted share of $0.12 for the third quarter ended October 29, 2016, contrast to GAAP net income per diluted share of $0.60 for the third quarter last year. Apart From certain items, the company stated adjusted non-GAAP net income per diluted share of $0.02 for the third quarter, contrast to adjusted non-GAAP net income per diluted share of $0.48 last year. The adverse impact from year-over-year changes in foreign currency exchange rates for the quarter was about $0.09 per diluted share.
A description of the use of non-GAAP financial measures and a plan reconciling GAAP financial measures to adjusted non-GAAP financial measures accompanies this release.
Arthur Martinez, Executive Chairman, said:
“As expected, our third quarter was challenging. While Hollister improved sequentially, it was more than offset by disappointing performance in A&F. On a total company basis, conversion trends remained positive across both channels and the direct-to-consumer business grew domestically and internationally. In addition, we remained disciplined as expense and inventory were well controlled.
Shares of Dow Chemical Co (NYSE:DOW), added 1.45% and shut at $54.00 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $53.51 and $54.12. The association’s commercial center capitalization is $60.14 Billion with the general uncommon loads of 1.12 billion. During a recent visit to the Kingdom of Saudi Arabia, Andrew Liveris, Dow’s Chairman and Chief Executive Officer, met with His Royal Highness, the Deputy Crown Prince of Saudi Arabia, Mohammad bin Salman Al Saud, Second Deputy Premier and Minister of Defense, to discuss Dow’s existing investments in the Kingdom and potential future opportunities aligned to the Company’s growth strategy and Saudi Arabia’s Vision 2030.