USA: Brand Buys Boost Liz Claiborne Q3 Profit, Sales
Fashion giant Liz Claiborne Inc on Thursday reported a healthy rise in third quarter net profit as quarterly sales hit record levels on the back of recent acquisitions. The New York-based company said net profit for the latest quarter climbed to $98 million, or 89 cents per diluted share, from $83m, or 78 cents per share, in the same period of last year.