REFILE-UPDATE 3-Abercrombie profit tops view, shares surge

* Q4 adjusted EPS $1.10 beats Wall Street view $1.01

* CEO says firm on pricing, bullish on overseas expansion

* No 2009 EPS outlook, citing economic conditions

* Shares up more than 13 pct (Refiling to remove possessive form in 1st paragraph) (Adds CEO and analyst comments, byline, previous NEW YORK)

By Jessica Wohl

CHICAGO, Feb 13 (Reuters) - Teen clothing retailer Abercrombie & Fitch (ANF.N) beat Wall Street profit expectations on Friday and said it is optimistic about international expansion, lifting its shares more than 13 percent.

Abercrombie also said it is reviewing its operating expenses, has already started to cut costs and plans significantly less in capital expenditures this year.

Management is "actively managing expenses, while at the same time protecting the brand for the long term," Credit Suisse analyst Paul Lejuez said in a research note.

Once a high-flyer in teen apparel retail, Abercrombie has seen a protracted sales slump as rivals such as Aeropostale (ARO.N) take market share by cutting prices.

Net profit fell sharply to $68.4 million, or 78 cents per share, in the fourth quarter that ended Jan. 31 from $216.8 million, or $2.40 per share, a year earlier.

Excluding impairment charges and costs tied to a new employment agreement that extends CEO Mike Jeffries' contract until 2014, Abercrombie's profit of $1.10 per share topped analysts' average forecast of $1.01, according to Reuters Estimates.

Sales fell 19 percent to $998 million. Sales at stores open at least a year fell 25 percent.

Abercrombie's strategy of keeping prices higher than competitors to increase its cachet has put off many U.S. shoppers looking for bargains, although the retailer has discounted clearance items.

On Friday, the company stood by its strategy.

"We are not promotional and will not be promotional, and by promotional I mean 50 percent off a category, buy one, get 17 free, or somebody whispering to you about a secret sale; we don't do stuff like that," Jeffries said during a morning conference call.

The company has cut some prices at its Hollister and abercrombie kids chains, but said the changes were not significant.