Coldwater Creek Inc. (CWTR) reported a net loss for the fourth quarter of $20.0 million or $0.66 per share, wider than $12.8 million or $0.42 per share for the year-ago quarter.
Adjusted net loss for the quarter narrowed to $19.8 million or $0.65 per share from $22.3 million or $0.73 per share in the prior year quarter. On average, three analysts polled by Thomson Reuters expected the company to report a loss of $0.79 per share. Analysts' estimates typically exclude special items.
Net sales for the latest fourth quarter fell to $220.77 million from $224.35 million in the comparable quarter last year, while three analysts had consensus revenue estimate of $218.76 million for the quarter.
Looking forward, the company forecast a first quarter net loss in the range of $0.60 to $0.80 per share. Analysts currently expect the company to report a loss of $0.71 per share for the first quarter.
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