Updated from 8:07 a.m. EST
Abercrombie & Fitch
shares fell Tuesday after the clothing retailer offered cautious guidance for its fourth quarter covering the revenue-rich holiday season.
The Ohio-based company had net income of $40.1 million, or 42 cents a share, vs. $50.5 million, or 51 cents a share, a year ago.
The results reflect a nonrecurring charge of $32.9 million, or 22 cents a share, for costs related to a settlement of class-action diversity lawsuits.
Revenue rose about 17% to $520.7 million from $445 million a year ago. Same-store sales rose 1%.
Analysts expected the company to earn 60 cents a share on revenue of $515.7 million.
The company said it is cautious in its outlook for the fourth quarter, with flat same-store sales and net income and sales growth of approximately 12%.
The consensus estimates are for EPS of $1.09 and revenue of $645.1 million.
Shares fell 71 cents, or 1.7%, to $41.45.