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Harry Winston Diamond Corp.

11:36 AM EST - Harry Winston Diamond Corp. : reported first-quarter net loss of $45.1 million U.S. or $0.68 U.S. per share, compared to net income of $21.3 million U.S. or $0.35 U.S. per share last year.Excluding the impact of the non-cash dilution loss, the net foreign exchange loss, and the after-tax gain on the insurance settlement, the net loss would have been $6.9 million U.S. or $0.10 U.S. per share for the quarter. Sales declined to $109.64 million U.S. from $156.08 million U.S. in the comparable period a year ago. Harry Winston Diamond Corp. shares T.HW are trading up $0.17 at $7.44.