Charming Shoppes' 4Q Loss Narrower Than Views

For the year, the company reported a loss of $244.2 million, or $2.13 per share, compared with a loss of $83.4 million, or 68 cents per share, in the prior year.

Revenue fell to $2.47 billion from $2.72 billion.

Charming Shoppes also said it will likely report a loss between 9 cents per share and 13 cents per share including special items — or a loss of between 3 cents per share and 7 cents per share excluding charges and gains — in its first quarter ending May 2. Analysts anticipate a loss of 6 cents per share for the period.

The company's shares fell 2 cents to $1.17 in morning trading.