Updated from 8:07 a.m. EST

Abercrombie & Fitch

(ANF) - Get Report

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.