By  on August 30, 2018

Could Abercrombie & Fitch Co.‘s slight second-quarter comparable sales miss have some investors overdoing the fear factor?

The retailer reported mixed earnings results on Thursday, but what drove a 17.2 percent drop in the stock price was primarily due to a comp sales gain of just 3 percent, slightly below Wall Street’s expectations of a 3.6 percent increase. Abercrombie shares closed at $22.55 in Big Board trading. Separately, the company said adjusted diluted EPS was 6 cents a share, beating Wall Street’s consensus estimate of 4 cents. Net sales rose 8.1 percent to $842.4 million, missing the Wall Street estimate of $845.2 million.

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