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Abercrombie Misses On Second Quarter Earnings

Abercrombie & Fitch’s fiscal second-quarter earnings fell short of analysts’ expectations. The company posted a wider-than-expected loss of 25 cents a share during the period. Analysts projected a loss of 20 cents, on average. Abercrombie’s net loss increased to $13.1 million from $810,000 in the year-ago quarter. A same-store sales decline of 4 percent was steeper than the projected 3.8 percent expected by analysts. Comparable sales at Abercrombie fell 7 percent in the quarter, while those at Hollister dropped 2 percent. Net sales fell... 
 

Target’s Sales Figures May Indicate Financial Trouble Ahead

Target’s (NYSE:TGT) sales and financial performance have slipped in recent months. Target reported that its second-quarter earnings fell 9.7 percent to $680 million. Adjusted earnings per share totaled $1.23, topping Wall Street’s expectations by 11 cents a share. The retailer said it earned $16.17 billion in revenue in the fiscal second quarter. Analysts had expected Target to report $16.18 billion in revenue. In last year’s second quarter, Target earned $1.22 a share on sales of $17.43 billion. Sales fell 7.2 percent to $16.2... 
 

Coca-Cola Beats On Income, Misses On Revenue

The Coca-Cola Co. (NYSE:KO) beat analysts’ estimates for net income in the second quarter when it posted earnings on Wednesday. The company reported that net income rose to $3.45 billion, or 79 cents a share, for the quarter. That compared with earnings of $3.11 billion, or 71 cents a share, in the year-ago period. Excluding certain one time items, Coke said it earned 60 cents a share, beating analysts’ estimates of 58 cents a share, according to Thomson Reuters. Coke has surpassed Wall Street’s expectations for six straight quarters... 
 
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