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Charming Shoppes Rises After Cost-cutting Plan

Stock quotes in this article: CHRS  

NEW YORK (AP) — Shares of Charming Shoppes Inc. rose on Wednesday after the operator of Lane Bryant and the Fashion Bug said its adjusted fourth-quarter loss was smaller than analyst expected and said it would implement more cost cuts.

Shares rose 17 cents, or 14.3 percent, to $1.36 during afternoon trading. The stock has traded between 45 cents and $6.35 over the past 52 weeks.

The company said that, excluding one-time charges, it lost 34 cents per share. Analysts polled by Thomson Reuters predicted a loss of 38 cents per share. ...

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