UPDATE: Kenneth Cole Swings To Q4 Profit

Kenneth Cole Productions Inc KCP swung to a profit in the fourth quarter. Kenneth Cole posted its quarterly profit at $8 million, or $0.43 per share, versus a year-ago loss of $2.7 million, or $0.15 per share. Its net sales climbed 8.5% to $117 million. Kenneth Cole's wholesale revenue surged 47% to $62.3 million, while consumer direct revenue dropped 17% to $54.7 million. Kenneth Cole shares gained 1.98% to $16.00 in pre-market trading.