U.S. stocks were mixed, with the Nasdaq Composite gaining around 0.1% on Wednesday.
Shares of Abercrombie & Fitch Co (NYSE:ANF) rose sharply after the company reported better-than-expected second-quarter financial results and raised its FY26 guidance above estimates.
Abercrombie reported earnings of $4.17 per diluted share, beating the analyst consensus estimate of $1.99. Adjusted earnings rose from $2.32 per share a year earlier. Net sales increased 5% to $1.267 billion from $1.209 billion. That topped the $1.248 billion estimate and marked the company’s 15th consecutive quarter of sales growth. Comparable sales were flat.
Abercrombie raised its fiscal 2026 earnings forecast to $13.10 to $13.60 per share from $10.20 to $11. Analysts expect $10.71. The company now expects net sales of about $5.529 billion, above its previous range of $5.424 billion to $5.529 billion and the $5.464 billion estimate.
Abercrombie & Fitch shares jumped 31.6% to $143.40 on Wednesday.
Here are some other big stocks recording gains in today’s session.
- Kanzhun Ltd (NASDAQ:BZ) shares surged 15.5% to $18.82. Kanzhun, on Tuesday, reported better-than-expected quarterly EPS results.
- Capricor Therapeutics Inc (NASDAQ:CAPR) gained 13% to $9.37.
- Semtech Corp (NASDAQ:SMTC) gained 12.1% to $142.99 after the company reported better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.
- NIP Group Inc (NASDAQ:NIPG) gained 10.6% to $18.87.
- Zymeworks Inc (NASDAQ:ZYME) climbed 10.3% to $30.29. HC Wainwright & Co. analyst Robert Burns maintained the stock with a Buy and raised the price target from $51 to $55.
- Summit Therapeutics Inc (NASDAQ:SMMT) rose 9.4% to $14.62 after the company announced topline results from the randomized Phase III HARMONi-GI1 study met the key secondary endpoints of progression-free survival and objective response rate.
- TTM Technologies Inc (NASDAQ:TTMI) gained 9.3% to $122.80.
- Webtoon Entertainment Inc (NASDAQ:WBTN) gained 8.8% to $10.29.
- Acadia Healthcare Company Inc (NASDAQ:ACHC) shares surged 7.3% to $32.05.
- Comstock Resources Inc (NYSE:CRK) gained 6.5% to $15.09.
- Alignment Healthcare Inc (NASDAQ:ALHC) rose 6.1% to $14.42.
- American Eagle Outfitters Inc (NYSE:AEO) gained 5.3% to $17.62. AEO will report second quarter fiscal 2026 results on Sept. 9.
- Gap Inc (NYSE:GAP) gained 5% to $21.16. Gap will release quarterly earnings on Thursday, Aug. 27.
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