Abercrombie & Fitch (ANF) reported earnings Wed 15 Aug 2012

Abercrombie & Fitch Co.'s (ANF, $35.23, +$2.90, +8.97%) fiscal second-quarter earnings fell 52% as the teen apparel-retailer faced weaker-than-expected sales trends, especially abroad. Shares rallied, however, after the company provided clarity on its inventories during a conference call with analysts. Supply levels were a key concern of investors following the retailer's warning two weeks ago, however, Chief Executive Mike Jeffries said Abercrombie's inventory position "improved considerably" at quarter's end.

** charts after earnings **