Liz Claiborne (LIZ) Shares Plummet as Company Cuts Outlook

January 6, 2011 4:32 PM EST
Get Alerts LIZ Hot Sheet
Price: $13.00 --0%

Financial Fact:
Other (expense) income, net: -2.74M

Today's EPS Names:
Trade LIZ Now!
Join SI Premium – FREE
Liz Claiborne Inc. (NYSE: LIZ) announces preliminary Q410 direct-to-consumer comparable sales.
  • Juicy Couture - 1%

  • kate spade - 44%

  • Lucky Brand - (10%0

  • Mexx Europe - (7%)

  • Mexx Canada - 4%.
Chief Executive Officer of Liz Claiborne Inc., William L. McComb, said, "We are providing an update to our previous outlook which called for an $80 million increase in adjusted operating income in the second half of 2010 compared to 2009: we now expect adjusted operating loss for the fourth quarter to improve by $0 to $10 million versus a year ago, and as a result, a second half increase in adjusted operating income in the range of $40 to $50 million."

Shares of the company plunged on the news, and are currently down 22%

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Guidance, Hot Guidance

Add Your Comment