Shares of Coldwater Creek Inc. gained 24 percent Thursday after the company cut its fourth-quarter loss in half and issued first-quarter projections well above analysts’ expectations.
For the period ended Jan. 30, the Sandpoint, Idaho-based firm said it posted a loss of $9.7 million, or 11 cents a diluted share, compared with $18.6 million, or 20 cents a share, in the year-ago period. Excluding a $600,000, or 1 cent a share, noncash charge, the loss was 10 cents, 1 cent below the 9 cent loss expected by analysts polled by Yahoo Finance.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"