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With Earnings in the Bag, Kate Spade Soars
2014-11-07 01:32:55| Apparel - Topix.net
Investors are buying Kate Spade shares by the bagful this afternoon with shares up nearly 20% following its solid third quarter report. For the period ended Oct. 4, Kate Spade reported a profit of $9.1 million , or seven cents a share, compared to a loss of $16.9 million, or 14 cents a share a year prior and per-share earnings from continuing operations of two cents a share, compared with a loss of 12 cents a year ago, while net sales rose to $250.4 million.
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Category:Consumer Goods and Services
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