Cost Plus Inc. (CPWM: Quote) reported fourth quarter earnings from continuing operations of $1.56 per share, compared to $1.24 per share last year. The consensus estimate was for EPS of $1.50. The company expects to report a first quarter loss from continuing operations of $0.07 to $0.03 per share, compared to the consensus estimate of a loss of $0.09. The stock is now up 0.85 on 10K shares.
Cost Plus climbed during the first hour of trade Thursday, but settled into a range for the remainder of the session. The stock closed up by 0.45 at $16.02 on above average volume. Cost Plus rose past resistance and set a new high for the year.
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by RTT Staff Writer
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