By  on August 22, 2013

Shares of Abercrombie & Fitch Co. fell more than 19 percent in pre-market trading Thursday, after the teen apparel retailer posted a 33.3 percent decline in second-quarter income.
The company also provided a weaker-than-expected third-quarter outlook.
For the period ended August 3, net income totaled $11.4 million, or 14 cents a diluted share compared with year-ago income of $17.1million, or 20 cents a share.

Stripping out 2 cents a share connected to its profit-improvement plans, earnings were 16 cents a share.
Net sales slid 0.6 percent to $945.7 million from $951.4 million, a year earlier.

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