By  on March 5, 2010

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.

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