UPDATE 1-Liz Claiborne posts deeper net loss

Wed Nov 4, 2009 7:57am EST
 
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* Q3 adj loss 43 cents/shr from continuing operations

* Sales tumble 24 pct to $769.6 mln

NEW YORK, Nov 4 (Reuters) - Fashion company Liz Claiborne Inc (LIZ.N) reported a deeper quarterly net loss on Wednesday, hurt by a 24 percent decline in revenue.

The owner of the Liz Claiborne, Lucky Brand, Juicy Couture and Kate Spade brands said its net loss widened to $90.5 million, or 96 cents per share, in the third quarter, from a loss of $68.7 million, or 73 cents per share, a year earlier.

Its net loss from continuing operations was 93 cents per share and its adjusted loss from continuing operations was 43 cents per share.

Revenue tumbled to $769.6 million from $1.01 billion a year earlier. (Reporting by Martinne Geller; Editing by Derek Caney)

 

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