NEW YORK — Strong sales, coupled with prudent inventory management, led Kenneth Cole Productions Inc. on Friday to raise its fourth-quarter outlook, pushing its shares up more than 7 percent.
The New York-based footwear and apparel firm said it expects to report fourth-quarter earnings per share of "at least" 36 cents and revenues of about $117 million to $118 million. This compares with its prior forecast for earnings between 32 and 34 cents a share and for revenues of between $108 million and $110 million.
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