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Abercrombie & Fitch's results miss expectations

In this Nov. 14, 2011 photo, a shopper carries her Abercrombie & Fitch purchase, in Phoenix. Abercrombie & Fitch said Wednesday, Nov. 16, 2011, its third-quarter net income edged up nearly 2 percent as higher costs for commodities such as cotton offset higher sales of its preppy t-shirts and jeans. (AP Photo/Ross D. Franklin)
Ross D. Franklin

NEW ALBANY, Ohio Declining traffic and weakness in girls' clothing weighed on Abercrombie & Fitch's (ANF) second quarter, pushing net income down 33 percent.

The teen retailer's results missed analysts' estimates. It also gave a third-quarter earnings forecast well below Wall Street expectations.

The stock tumbled in premarket trading Thursday.

For the period ended Aug. 3, Abercrombie & Fitch Co. earned $11.4 million, or 14 cents per share. That's down from $17.1 million, or 20 cents per share, a year earlier.

Removing charges tied to its profit-improvement plans, earnings were 16 cents per share.

Revenue dipped 1 percent to $945.7 million from $951.4 million. U.S. sales fell 8 percent.

Analysts expected earnings of 28 cents per share on revenue of $996.7 million.

A key revenue metric declined 10 percent on softness worldwide.