Warnaco Group Inc. (WRC: Quote) reported second quarter non-GAAP income from continuing operations of $0.72 per share after the close Monday, down from $0.82 per share in the previous year. The consensus estimate was for EPS of $0.64. The company now expects to report full year non-GAAP EPS of $4.00 to $4.15, compared to the consensus estimate of $4.01.
Warnaco Group gapped open higher Tuesday and climbed in early trade, before settling into a range. Shares finished up by 4.94 at $47.50 on above average volume. The stock climbed to a 3-month high and re-crossed its 50-day moving average.
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by RTT Staff Writer
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