Thursday, May 24, 2007

UPDATE 1-AnnTaylor 1st-qtr profit falls on weakness at LOFT

(Reuters) - First-quarter net income was $31.5 million, or 46 cents per
share, in line with analysts' estimates, according to Reuters
Estimates, down 19 percent from $39.0 million, or 53 cents per
share, a year ago, the company said.




Sales rose 4.3 percent to $580.3 million, as a greater
number of stores and a growing factory outlet and Internet
business helped offset a quarterly decline in stores open at
least a year.


Read more at Reuters.com Market News

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