By  on November 4, 2009

Kenneth Cole Productions Inc. surprised Wall Street with a third-quarter profit on Tuesday, but sales in the period and fourth-quarter top-line projections were below analysts’ estimates.

For the quarter ended Sept. 30, the New York-based vendor said net income grew to $186,000, or 1 cent a diluted share, compared with a net loss of $1.6 million, or 9 cents a share, in the year-ago quarter. Revenue fell 21.5 percent to $103.8 million from $132.1 million in the 2008 period. Analysts surveyed by Yahoo Finance anticipated a net loss of 1 cent on sales of $104.2 million.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus