Abercrombie & Fitch Stock Surges 15% On Q1 Sales Growth

(RTTNews) - Abercrombie & Fitch Co. (ANF) shares jumped 14.83 percent to $88.60 on Wednesday, gaining $11.44 after the company reported higher first-quarter sales. Net sales rose to $1.10 billion from $1.02 billion a year ago, while net income declined to $81.7 million from $115.1 million.

ANF opened sharply higher at $103.88 and traded between $88.83 and $104.99 throughout the day on the New York Stock Exchange. The stock had previously closed at $77.15. Trading volume soared to 16.7 million shares, well above its average of 2.6 million. The 52-week range is $65.40 to $196.99.