Abercrombie & Fitch shares jump on earnings beat as it posts 14th quarter of sales growth

Abercrombie & Fitch (NYSE:ANF) shares rose about 12% after the company reported first-quarter results that beat profit expectations, while revenue slightly missed and comparable sales declined. For the quarter ended May 2, the company posted adjusted earnings of $1.47 per share, above analyst expectations of $1.28.