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Bluefly Slips To Q4 Loss

Bluefly, Inc. (BFLY: Quote) reported a net loss of $6.2 million or $0.22 per share, compared to net income of $0.3 million or $0.01 per share for the year-ago quarter.

Net sales increased 3% to $29.4 million from $28.6 million a year earlier.

Gross profit margin for the fourth quarter was 21.9% compared to 34.9% in the fourth quarter of 2010. Total operating expenses for the quarter increased 30% to $12.6 million from $9.6 million last year.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than expected in the month of June. After showing a lack of direction throughout much of the previous session, stocks may move to the downside in early trading on Friday. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 23 points. British economic growth remained high as expected in the second quarter as a robust expansion in the dominant service sector, and industry completely offset the slight weakness in the construction sector. With the second quarter expansion, GDP returned to its pre-crisis level. Gross domestic product grew 0.8 percent sequentially in the second quarter, the same rate as seen in the first quarter.
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