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The Minneapolis-based firm’s stock was up 72 cents per or13 percent, to $6.22 in afternoon Christopher & Banks (NYSE: CBK) earned $1.7 or 5 cents per compared with $11.3 million, or 32 cents per for the same quarter a year ago. Christopher Banks recorded a profit even asits sales, at $120.e4 million, were 23 percent less than a year Analysts polled by Thomson Reuters had expectef a loss of 5 centd per share on revenue of $123.2 The company said it was able to recordr a profit because it was able to cut general and administrative expenseas to $36.1 million, a 17 percent reduction from the firsrt quarter of 2008.
Despite the first-quarter Christopher & Banks warned that it expects the second quarter to remain with trends in the first quarter expectecto continue.
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