USA: Nautica Lowers 2002 Earnings Estimates
New York-based clothing maker Nautica Enterprises Inc has reduced its estimates for final quarter and full-year earnings amid weaker sales at department stores and a one-off charge. The apparel producer now expects to report a fourth quarter loss of 25-26 cents a share, inclusive of charges, or earnings of 1-2 cents a share, exclusive of charges. It had previously expected earnings of 2-4 cents a share including charges.