10:45 AM New York – Coldwater Creek second-quarter sales dropped and net loss narrowed to $16.4 million. Restoration Hardware second-quarter revenue jumped 30% but net swung to a loss $17.8 million.
Coldwater Creek Inc.
) tumbled 21.2% or 58 cents to $2.16 after the women''s apparel retailer said revenue in the second quarter ending on August 3 dropped 8.5% to $149.7 million. Same store sales in the quarter declined 7.3%.
Net loss in the quarter narrowed to $16.4 million or 54 cents a diluted share compared to $17.6 million, or 58 cents.
Restoration Hardware Holdings, Inc
plummeted 5.3% or $4.04 to $72.02 after the home furnishings retailer reported revenue in the second-quarter jumped 30% to $382.1 million. Comparable store sales in the quarter surged 26%.
Net in the quarter swung to a loss $17.8 million or 46 cents a diluted share compared to a net income of $17.6 million a year earlier..
Verizon Communications Inc
), the communication service provider launched a massive $49 billion bond, the largest corporate bond ever sold to reduce debt of $130 billion deal with Vodafone’s stake in Verizon Wireless.
), climbed 5.5% or $1.69 to $32.37 after the online money transfer service provider priced its on offering of 4,403,270 shares of its common stock at a price to the public of $30.50 per share.