Liz Claiborne Inc.’s second-quarter loss widened, falling short of analysts’ expectations, as the apparel maker reported lower sales and higher charges.
The company posted a loss of $86.8 million, or 92 cents a share, compared with a year-earlier loss of $82.1 million, or 87 cents a share. Excluding a previously disclosed write-down related to the outlet business and other items, the company’s adjusted loss from continuing operations narrowed to 19 cents a share from 49 cents.
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