Two Big Reasons Wall Street Is Ignoring Abercrombie’s Earnings Whiff

Abercrombie & Fitch just took the wraps off weak fourth-quarter and full-year 2016 results, but Wall Street, if not millennials, seem to be buying into what the company’s value-oriented Hollister division is selling. On Thursday, Abercrombie reported fourth quarter earnings of 71 cents a share on $1.04 billion in revenue, lower than estimates for earnings of 75 cents a share on $1.05 billion, according to analysts surveyed at Factset.