Abercrombie & Fitch recorded a record revenue of $1.3 billion, a 7% increase year-over-year, surpassing the consensus forecast of $1.28 billion. The company's reported net income for the third quarter was $113 million, or $2.36 per share, beating analysts' expectations of $2.16 per share. Shares of Abercrombie & Fitch jumped 20% at the open on Tuesday following the apparel retailer's announcement of stellar third-quarter results, driven by strong performance from its Hollister brand. The company also issued its holiday forecast. However, this figure was less than $132 million, or $2.50 per share for the year. This marks the twelfth consecutive quarter of growth for the company.
