Liz Sees Red in First Qtr.
Wednesday, May 14, 2008
By Whitney Beckett
Liz Claiborne Inc. chief executive officer William L. McComb's tale of two cities analogy continues to haunt him.
On Tuesday the company posted a first-quarter loss of $31 million, or 33 cents a diluted share, down from profits of $16.2 million in the first quarter of 2007. The bottom line was hurt by $44 million in restructuring costs.
On Tuesday the company posted a first-quarter loss of $31 million, or 33 cents a diluted share, down from profits of $16.2 million in the first quarter of 2007. The bottom line was hurt by $44 million in restructuring costs.
