Strong results from its European retailing has kept profits rolling for New York based Tommy Hilfiger in the fourth quarter. However, the New York-based fashion company said Wednesday it expects a loss in the first quarter and anticipates revenue for the rest of the year to be below projections.

Its shares sank USD1.71, or 11 percent, to USD13.79 in early trading on the New York Stock Exchange. The company earned USD26.9 million, or 29 cents per share, in the three months ended March 31. That contrasts with a loss of USD113.8 million, or USD1.26 per share, in the year-ago period.