By  on November 5, 2008

Kenneth Cole Productions Inc. on Tuesday posted third-quarter results that were in the red due to a nonoperating impairment charge.

For the three months ended Sept. 30, the net loss was $1.6 million, or 9 cents a share, against income of $3.4 million, or 17 cents, in the year-ago quarter. Excluding the charge, which the company said “reflected an other than temporary decline in an investment in common stock held by the company,” earnings per share were 9 cents, at the high end of the company’s prior guidance.

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