The following post rounds up the companies making headlines today:
Abercrombie & Fitch Co. (ANF) on Friday said it swung to a second-quarter loss of $26.7 million, or 30 cents a share, compared with profit of $77.8 million, or 87 cents a share, in the year-earlier period. The loss included a $24.4 million charge. Quarterly sales fell 23 percent, while same-store sales plunged 30 percent. Shares jumped over 5 percent ahead of the bell.
J.C. Penney Co. (JCP) also swung to a fiscal second-quarter loss. It posted a loss of $1 million, or break even a share, compared with a profit of $117 million, or 52 cents a share, in the year-earlier period. The results included 28 cents a share to cover pension costs. Sales fell 7.9 percent and same-store sales declined 9.5 percent. The company also raised its full-year profit forecast. Shares fell about 2 percent in pre-market trade, despite beating estimates.