UPDATE: Coldwater Creek Posts Narrower Q3 Loss
Coldwater Creek (NASDAQ: CWTR) posted a narrower fiscal third-quarter loss.
Coldwater Creek expects Q4 adjusted loss of $0.55 to $0.65 per share, versus analysts' estimates for a loss of $0.50 per share.
Coldwater Creek posted a quarterly loss of $20.5 million, or $0.67 per share, versus a year-ago loss of $29.2 million, or $1.24 per share. Excluding special items, Coldwater Creek lost $0.45 per share. The company in August expected an adjusted loss of $0.16 to $0.20 per share.
Its revenue rose 0.4% to $188.1 million, versus analysts' estimates of $181 million.
Coldwater Creek's gross margin climbed to 35.1% from 30%.
Coldwater Creek shares gained 3.70% to $5.05 in after-hours trading.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.