UPDATE: New York & Co Posts Narrower Q3 Loss

New York & Co

posted a narrower fiscal third-quarter loss. New York & Co posted a quarterly loss of $3.8 million, or $0.06 per share, versus a year-ago loss of $9 million, or $0.15 per share. Its revenue climbed 1.2% to $219.3 million. However, analysts were expecting a loss of $0.07 per share on revenue of $216 million. Its same-store sales rose 0.7%. New York & Co shares gained 5.65% to close at $3.74 yesterday.