Liz Claiborne 1Q loss narrows, revenue beats

New York -- Liz Claiborne Inc. reported Thursday that it narrowed its loss in the first quarter to $60.6 million, compared with a $96.3 million loss in the year-ago period. Strong sales of the company’s Kate Spade and Lucky Brands goods strengthened the results.

Revenue for the period fell 4% to $317.1 million from $330.7 million, but beat Wall Street’s estimated $307.4 million in revenue.

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