By  on April 24, 2009

Shares of Destination Maternity Corp. rose almost 55 percent in the two days after the maternity apparel retailer reported a second-quarter loss that was far lower than expected and raised its full-year guidance.

For the period ended March 31, the Philadelphia-based firm recorded a net loss of $1.9 million, or 32 cents a diluted share, compared with a net loss of $390,000, or 7 cents a share, in the year-ago quarter. Stripping out a goodwill charge of $3.4 million, the company’s net income totaled $1.5 million, or 25 cents a share. In January, the retailer forecasted a loss of between 22 and 35 cents a share, excluding charges.

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