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Teen clothing retailer Abercrombie & Fitch Co. ( ANF ) on Wednesday posted mixed second quarter earnings results and lifted its full-year outlook.

The New Albany, OH-based company reported second quarter net income of $15.52 million, or 19 cents per share, compared with $32.03 million, or 35 cents per share, in the year-ago period.

Revenue rose 4% from last year to $951.41 million.

On average, Wall Street analysts expected a smaller profit of 17 cents per share, albeit on much higher revenue of $993.98 million.

On a sour note, ANF said that same-store sales plunged 10% from last year. Same-store sales (also known as comparable sales) are an important metric used to gauge a retailer's performance, since they only take into account stores open at least one year.

Looking ahead, ANF lifted its full-year earnings outlook to a range of $2.50 to $2.75 per share, while analysts are looking for $2.56 per share for the year.

Abercrombie & Fitch shares rose $1.45, or +4.5%, in premarket trading Wednesday.

The Bottom Line
Shares of Abercrombie & Fitch ( ANF ) have a 2.17% dividend yield, based on last night's closing stock price of $32.33. The stock has technical support in the $27-$28 price area. If the shares can firm up, we see overhead resistance around the $35-$37 price levels.

Abercrombie & Fitch Co. ( ANF ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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