August 12, 2010 / 11:37 AM / 7 years ago

UPDATE 1-Elizabeth Arden posts quarterly profit

1 Min Read

* Q4 adj EPS $0.13 vs loss $0.07 yr earlier

* Net sales up 7.4 percent to $228.2 mln

* Sees EPS of $1.15-$1.25 for FY'11, $0.10-$0.15 for Q1

CHICAGO, Aug 12 (Reuters) - Elizabeth Arden Inc RDEN.O posted a quarterly profit on Thursday versus a year-earlier loss, helped by cost efficiencies.

Net earnings for the beauty company were $2.3 million, or 8 cents a share, compared to a loss of $3.6 million, or 13 cents a share, in the same quarter of 2009.

Excluding items, earnings were 13 cents per share.

Net sales for the fourth quarter ended June 30 were $228.2 million, an increase of 7.4 percent.

Elizabeth Arden forecast earnings of $1.15 to $1.25 per share for 2011 and 10 cents to 15 cents per share for the first quarter.

Shares in Elizabeth Arden closed at $14.51 on Wednesday. (Reporting by Emily Stephenson; Editing by Derek Caney)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below