UPDATE: Abercrombie & Fitch Posts Upbeat Q4 Earnings

Abercrombie & Fitch Co (NYSE: ANF ) reported a 58% drop in its fiscal fourth-quarter profit and announced a $150 million accelerated share buyback plan. Abercrombie's quarterly profit slipped to $66.1 million, or $0.85 per share, versus a year-ago profit of $157.2 million, or $1.95 per share. Excluding special items,