K•Swiss (KSWS) Reports Better-Than-Expected Q1 Results; Guides FY09
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K•Swiss Inc. (NASDAQ: KSWS) reports Q1 loss of $0.03, 8 cents better than the analyst estimate of $0.11. Revenue for the quarter was $74.04 million, down 24.8% from the same quarter last year and versus the consensus of $69.89 million.
Sees FY09 sales of $200-$230 million, versus the consensus of $229.75 million, with loss of $0.60-$0.90, versus the Street estimate of ($0.44).
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