The Talbots Inc announces that its fourth quarter returned a profit after experiencing a loss 1-year prior. Talbots trades on the “New York Stock Exchange” under the stock symbol “TLB”. For More information regarding “TLB” or the Latest Stock Market Information, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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The Talbots Inc. (NYSE:TLB) announces that its fourth quarter returned a profit after experiencing a loss 1-year prior. Talbots is also anticipating its revenue for the 1st quarter and full-year to beat Wall Streets’ existing expectation.
Its shares rose 71 cents, or 4.9 percent, to $15.10 in trading Tuesday morning. The stock hit a fresh 52-week high of $15.34 earlier in the session earned $4.1 million, or 7 cents per share during the quarter ended Jan. 30, compared with a loss of $361.5 million, or $6.75 per share, a year earlier.
They also expect their 2010 sales to ascend about 3 to 5% from its previous year's $1.24 billion, which would bring its revenue of approximately $1.28 billion to roughly $1.3 billion. Forecasts for its sales in the first-quarter should rise 4 to 5 percent from the previous year of $306.2 million, proposing that revenue will reach anywhere between $318.4 million to $321.4 million.
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