By  on February 15, 2008

NEW YORK — Liz Claiborne Inc.'s stock fell 18.4 percent, or $4.12, to close at $18.31 Thursday after the vendor warned that its fourth-quarter and year-end earnings would miss guidance and expectations.

When it reports its audited earnings on Feb. 27, Claiborne said it expects to post a fourth-quarter loss of 90 cents to $1 a share, compared with profits of 71 cents a year earlier. Sales for the three months came in at roughly $1.21 billion, down 3 percent from a year ago.

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