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DSW's Surprise Quarterly Loss Kicks Shares Lower

M. Corey Goldman

plunged on Tuesday after the company reported a surprise fiscal fourth-quarter loss, even as revenue came in roughly as expected. DSW said it lost $5.4 million, or 7 cents a share, in its fiscal fourth quarter ended Feb. 2, vs. earnings of $30.8 million, or 38 cents a share, in the comparable year-earlier period. Strong demand for its DSW Kids line of offerings partially offset higher overall expenses and an increase in inventories, DSW said.