Reuters logo
Elizabeth Arden's second-quarter misses Street estimates
January 31, 2013 / 12:31 PM / 5 years ago

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

Our Standards:The Thomson Reuters Trust Principles.
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