Bluefly narrows 4th-quarter loss

Online retailer Bluefly Inc. on Thursday said its fourth-quarter loss narrowed, as the company cut costs to offset a decline in sales.

Quarterly loss totaled $148,000, or a penny per share, compared with a prior-year loss of $1.4 million, or 10 cents per share last year.

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The decline was due to a planned decrease in inventory purchase for the quarter because of the overall decline in consumer spending, the company said.

For the year, loss totaled $4.4 million, or 31 cents per share, from $12.1 million, or 90 cents per share last year. [Read the full article]

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Priceline.com (Nasdaq: PCLN) reported very strong fourth quarter results, with earnings beating the Zacks Consensus by 33 cents and revenue beating by 2.6%. Shares were up 0.79% during the day, but jumped 6.33% after-hours in response to the news. [Read the full article]

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