Abercrombie & Fitch soars 25% even as retailer slashes profit outlook due to tariffs

1. Abercrombie's profit outlook is cut due to $50 million in tariffs. 2. Full year EPS revised down to $9.50-$10.50 from $10.40-$11.40. 3. Revenue forecast increased to 3%-6% growth from the previous 3%-5%. 4. Shares surged 25% on surpassing earnings expectations despite profit cuts. 5. Hollister brands led growth with 22% sales increase; Abercrombie brands fell 4%.