Coldwater Creek (CWTR) Shares Soar 19%

Shares of women's apparel retailer Coldwater Creek Inc. (NASDAQ: CWTR) opened well above yesterday's closing price of $5.41 and continued to climb through the day, reaching $6.44.

Investors were reacting to positive news from the company.

Coldwater Creek provided guidance that its first quarter loss will be smaller than that of the previous year and that for fiscal year 2010 it expects to earn 8 to 12 cents per share.

A poll of analysts by Thomson Reuters, showed a consensus expectation that Coldwater Creek would break even in fiscal year 2010.

The company also reported that same store sales surged 8.9% compared to a year ago.

The news has shares of the company up 19% in early afternoon trading.