Abercrombie & Fitch Co. (ANF) shares closed trading up more than 20% on Thursday after the teen apparel retailer's third-quarter results topped estimates on both the top and bottom lines. 

The New Albany, Ohio-based company reported adjusted earnings of 33 cents a share on revenue of $861.2 million. Analysts were expecting the company to report earnings of 20 on revenue of $855 million. 

"We are pleased with our third-quarter performance, our fifth consecutive quarter of positive comparable sales, with growth across both of our brands. We delivered 3% comparable sales growth on top of 4% last year, with continued gross profit rate stabilization. Our strong U.S omnichannel business, and 16% global digital sales growth, confirm that our playbooks are working," said CEO Fran Horowitz. 

Shares were rising despite the company's warning of a mid-single-digits decline in net sales in the fourth quarter, though it still expects comparable-store sales to be up low single digits. 

Separately, the company announced that Kristin Scott has been appointed president, global brands, a promotion from her previous role as brand president of Hollister Co. 

More from Investing

Logitech Beats Estimates in Fiscal Q3, Raises Profit Outlook

Logitech Beats Estimates in Fiscal Q3, Raises Profit Outlook

Apple to Switch to OLED Display for iPhone XR Starting in 2020 - Report

Apple to Switch to OLED Display for iPhone XR Starting in 2020 - Report

Mastercard Is Fined $650 Million for Rate Scheme in Europe

Mastercard Is Fined $650 Million for Rate Scheme in Europe

Can Palo Alto Networks Rally 23%

Can Palo Alto Networks Rally 23%

TD Ameritrade Is Well-Positioned for Growth Amid Volatile Markets

TD Ameritrade Is Well-Positioned for Growth Amid Volatile Markets