US Stock Market Move | Q3 financial report exceeded expectations, and Abercrombie & Fitch (ANF.US) surged nearly 30%.

On Tuesday, Abercrombie & Fitch (ANF.US) surged nearly 30%, to $84.61. On the news front, the company released its third quarter earnings report, showing an adjusted earnings per share of $2.36, surpassing FactSet's estimate of $2.17; net sales reached $1.291 billion, exceeding IBES's estimate of $1.274 billion, with a year-on-year increase of 7%. The company raised its 2025 fiscal year profit guidance to an adjusted earnings per share range of $10.20 to $10.50, higher than analysts' expectations, and expects full-year net sales to grow by 6% to 7%.