By Martinne Geller 1 hour, 58 minutes ago NEW YORK (Reuters) - AnnTaylor Stores Corp (ANN.N) raised its first-quarter earnings forecast on Monday, citing lower inventories and improvement at its LOFT chain, sending shares of the women's clothing retailer up 11.5 percent.But the company expressed caution about the rest of the year, leaving its full-year profit forecast unchanged and shelving plans to launch a new store concept targeting baby boomers.
Excluding restructuring costs, the company said it expects first-quarter earnings of 45 cents to 47 cents per share, up from a prior forecast of 35 cents to 40 cents.
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