BabyUniverse shares down as sales slip
Net loss for third quarter hits $5.6 million
-- Kids Today, 1/2/2008 12:20:00 PM
Shares of BabyUniverse, the Denver-based Internet retailer of baby and maternity products, fell 26 percent, the most ever, after the retailer posted a loss on a drop in sales.
The net loss was $5.6 million, or 31 cents a share, in the fiscal third quarter, compared with a loss of $6 million, or 40 cents, a year earlier, the retailer said last month in a statement. Sales fell 2 percent, to $16.2 million.
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