Elizabeth Arden's second-quarter misses Street estimates
(Reuters) - Cosmetics maker Elizabeth Arden Inc (RDEN.O) reported lower-than-expected second-quarter results due to weak sales at department stores and at a key retailer during the holiday season.
Net income rose to $48.1 million, or 1.58 per share, from $42.4 million, or $1.42 per share, a year earlier.
Excluding one-time items, the company, which licenses fragrance brands from True Religion Apparel and hip-hop star Nicki Minaj and singer Justin Bieber, reported earnings of $1.58 per share.
Revenue rose 9 percent to $468 million.
Analysts had expected earnings of $1.63 per share on revenue of $492.3 million, according to Thomson Reuters I/B/E/S.
(Reporting by Siddharth Cavale in Bangalore and Phil Wahba in New York; Editing by Sreejiraj Eluvangal)
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