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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Dave Shares who wrote (12895)	8/11/1998 4:18:00 PM
From: Jenna	Respond to of 120523

ANF beats by 9 cents! Abercrombie & Fitch Reports Record Second Quarter Earnings on Comparable Store Sales Increase Of 45% 24th Consecutive Quarter of Record Sales and Earnings REYNOLDSBURG, Ohio, Aug. 11 /PRNewswire/ -- Abercrombie & Fitch (NYSE: ANF) today reported that diluted earnings per share for the second quarter ended August 1, 1998 were $0.20, a 400% increase compared to $0.04 for the comparable period ended August 2, 1997. Net sales for the second quarter increased 70% to $147.1 million from $86.6 million in the second quarter of 1997. Comparable store sales increased 45% during the second quarter. Operating income for the second quarter increased 272% to $17.1 million compared to $4.6 million for last year's second quarter.