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Aug 1, 2012

Abercrombie sees profit below forecasts, shares drop

CHICAGO/BANGALORE, Aug 1 (Reuters) – Teen clothing retailer
Abercrombie & Fitch Co estimated quarterly profit at
about half what analysts expected after sales in stores open at
least a year fell 10 percent.

Abercrombie shares fell almost 15 percent to $29 in
after-hours trading on Wednesday.

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