Profit up at Coldwater Creek

) Coldwater Creek posted a profit in its second quarter on a rise in revenue, beating the Street's expectations for another loss. The company on Wednesday reaffirmed its guidance for the year and said its margins will improve as it benefits from inventory control. For the three months that ended July 31, Coldwater Creek said its net income was $1.5 million, compared with a loss of $4.9 million in the year-ago period. Revenue rose 12.6% to $253.5 million, from $225.2 million last year. The company opened five new retail stores in the quarter to finish with 364 locations. It