True Religion Apparel

True Religion, the maker of namesake designer jeans, fell after it projected full-year profit that trailed analysts’ estimates. Earnings per share will range from $1.88 to $1.95, the California company said. Analysts expected $2.37. A discontinuing of sales to off-price shoppers in Korea and the United States and higher-than-expected holiday markdowns in outlet stores hurt profit, said one analyst.