Shares of Coldwater Creek (CWTR) which were down more than 2% in regular trading, were recently off 11.9% after hours following the company’s fiscal first-quarter earnings report.
The women’s retailer said it narrowed its� loss to $23.8 milllion, or 20 cents a share, from $30 million, or 32 cents a share, in the year earlier period. Revenue slumped to $169.9 million from $179.8 million, with same store-sales down 0.6%. Analysts were expecting a loss of 20 cents a share on $173.3 million in revenue.
The company also said it expects to lose 15 cents to 20 cents a share in its fiscal second quarter. Analysts had forecast a 15-cent per-share loss.
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