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.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus