Liz Claiborne Lowers Forecast; Shares Down In Pre-Market

Liz Claiborne LIZ lowered its forecast for the year. Liz Claiborne now projects adjusted FY12 earnings before interest, taxes, depreciation and amortization of $125 million to $140 million, versus its earlier forecast of $130 million to $150 million. LIZ shares fell 4.33% to $9.50 in pre-market trading.