UPDATE 1-K-Swiss posts narrower-than-expected Q4 loss

* Q4 loss $0.23 a shr vs est -$0.31 a shr

* Q4 revenue $42 mln vs est $36.3 mln * Sees a decline in
Q1 rev

Feb 18 (BestGrowthStock) – Athletic-shoes maker K-Swiss Inc
(KSWS.O: ) reported a narrower-than-expected quarterly loss,
helped by cost cuts, and said it sees a fall in first-quarter
revenue.

For the latest fourth quarter, K-Swiss posted a loss of
$12.5 million, or 36 cents a share, compared with a loss of
$13.7 million, or 39 cents a share, a year ago.

Excluding a one-time non-cash impairment charge, the
company posted a loss of 23 cents a share.

Revenue at the company, which sells its products under the
K-Swiss and Royal Elastics brands in the United States and
Europe, fell 21 percent to $42.0 million.

Analysts were expecting a loss of 31 cents a share, on
revenue of $36.3 million, according to Thomson Reuters I/B/E/S.

Selling, general and administrative expenses expenses fell
6 percent to $27.7 million.

K-Swiss, which sells athletic, training, and children’s
shoes, apparel and accessories, said it expects to report a
decline in the first quarter revenue, a flat comparison in the
second quarter and increases in the third and fourth quarters.

Shares of the Westlake Village, California-based company
closed at $9.75 Wednesday on Nasdaq.

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(Reporting by Vidya Lakshmi in Bangalore; Editing by Jarshad
Kakkrakandy)

UPDATE 1-K-Swiss posts narrower-than-expected Q4 loss