Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of fashionista Liz Claiborne
So what: When it comes to financial statements, red will never be the new black. However, investors seemed to be pretty happy with the progress that Liz Claiborne is making toward returning to profitability. Though the adjusted loss of $0.04 per share missed the $0.03 per-share loss that Wall Street was looking for, better-than-expected gross margins and a relatively bright outlook for the fourth quarter may be helping the stock sashay its way higher today.
Now what: Investors that caught Coach's
Interested in more info on Liz Claiborne? Add it to your watchlist by clicking here.
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