Skip to main content

Market Overview

Liz Claiborne (LIZ) Misses Wall Street Expectations

Share:

Liz Claiborne, Inc. (NYSE: LIZ) on Tuesday reported a 4th quarter loss of $41.7 million, or 45 cents per share, an improvement on last year's loss of $828.9 million, or $8.85 per share.

Liz Claiborne's sales fell to $778.8 million, down from $911.2 million a year earlier.

The company said its 4th quarter loss would have been 18 cents a share, excluding items.

A FactSet Research survey of analysts showed an average expected loss of 15 cents per share.

Liz Claiborne also announced that it will receive a $167 million tax refund that will be used to pay down debt.

 

Related Articles (LIZ)

View Comments and Join the Discussion!

Posted-In: FactSet Research Liz ClaiborneEarnings News Markets Movers

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com