WRAPUP 1-Warnaco beats estimates; Liz Claiborne misses

* Liz Claiborne Q3 adj loss 43 cts; Street view 20 ct loss

* Warnaco Q3 adj EPS 80 cts tops Street view of 75 cts

* Liz sales fell 24 pct to $769.6 mln; missing Street view

* Warnaco sales fell 5 pct to $520.9 mln; above estimates

* Warnaco raises full-year outlook

* Liz shares down 3.3 pct

By Martinne Geller

NEW YORK, Nov 4 (Reuters) - Clothing maker Warnaco Group Inc (WRC.N) posted higher-than-expected quarterly profit and raised its 2009 outlook, citing international expansion, while rival Liz Claiborne Inc (LIZ.N) posted a deeper-than-expected net loss.

Yet Liz Claiborne, whose shares fell 3.3 percent in premarket trading, said its results showed some early signs of turning around underperforming businesses.

Liz, owner of the Juicy Couture, Kate Spade and Liz Claiborne brands, said sales at its retail stores open at least a year were better than the forecast it gave in August.

Warnaco, which owns or licenses the Calvin Klein, Speedo and Olga brands, said growth in almost all of its international regions helped offset a decline in the United States.

Both apparel companies have seen U.S. sales suffer as department stores trim orders to cope with fewer shoppers in the weak economy. Their profit margins can also get hit when retailers offer deep discounts to move merchandise, since the suppliers often give retailers extra funds to share the loss.

Liz reported an adjusted loss of 43 cents per share from continuing operations, more than double the 20 cent-per-share loss analysts, on average, were expecting, according to Thomson Reuters I/B/E/S. [ID:nL4540540]

Liz said sales fell 24 percent to $769.6 million, missing analysts' estimate of $798.9 million.

WARNACO BEATS, RAISES VIEW

Warnaco, which generates more than half of its revenue from outside the United States and is therefore more cushioned from the domestic downturn, said net revenue fell 5 percent to $520.9 million. That was well above the $501.7 million analysts had been expecting.