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Abercrombie & Fitch Co. (ANF) Surged To An 8-Month High On Strong Q3 Profit

Abercrombie & Fitch Co. (ANF) reported third quarter non-GAAP EPS of $0.48 Friday morning, up from $0.42 a year ago. Analysts expected EPS of $0.22.

Abercrombie & Fitch gapped open sharply higher Friday and advanced further in the early afternoon. Shares finished with a gain of 4.88 at $24.37, with volume at over an 8-month high. The stock broke out to its highest level since early March.

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Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

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