SHERMAN OAKS, Calif. (AP) _ Cherokee Inc. (APEX) on Friday reported a loss of $6.8 million in its fiscal third quarter.
On a per-share basis, the Sherman Oaks, California-based company said it had a loss of $1.23. Losses, adjusted for asset impairment costs and restructuring costs, came to 49 cents per share.
The brand management company posted revenue of $4.9 million in the period.
Cherokee expects full-year revenue in the range of $21 million to $21.5 million.
In the final minutes of trading on Friday, the company's shares hit 95 cents. A year ago, they were trading at $1.92.