Shares of Fifth & Pacific (FNP +9.9%) race higher after the company announces it expects...

|By:, SA News Editor

Shares of Fifth & Pacific (FNP +9.9%) race higher after the company announces it expects 2013 EBITDA of $120M-$150M, well-above its estimate for 2012 which it pegs at $100M-$105M. In Q4, sales of the retailer's Kate Spade brand grew 27% to help offset a 2% decline with Juicy Couture.