Kate Spade reports 1Q loss

THE BIG APPLE (AP) _ Kate Spade dan Co. (KATE) on Thursday publicised a first-quarter loss of $55. a pair of million, after reporting a profit using the same period a year earlier.

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Following a per-share basis, the New York-based insurance company} said it had a loss of 43 cents. Earnings, adjusted for non-recurring costs and asset impairment overhead, came to 3 cents per split.

The results beat Wall Street expectations. Usual estimate of seven analysts targeted by Zacks Investment Research has been for earnings of 2 cents with regard to each share.

The clothing, handbag and you may company posted revenue of $255. 3 million in the period, throughout surpassing Street forecasts. Four industry analysts surveyed by Zacks expected $239. 3 million.

Kate Spade iPhone 5 case expected full-year revenue in the range of $1. 2 billion to $1. 33 billion.

Kate Spade shares possess increased almost 2 percent considering the beginning of the year. The stock which has dropped nearly 8 percent within the last few 12 months.

This story was added by Automated Insights (http://automatedinsights.com/ap) while using data from Zacks Investment Investigating. Access a Zacks stock record on KATE at http://www.zacks.com/ap/KATE

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