Iconix Brand Group Inc. said Tuesday that first-quarter earnings rose 58.3 percent because of a surge in licensing revenues from its stable of brands, which will soon include the “Peanuts” comic strip franchise.
In the three months ended March 31, the New York-based brand management firm’s net income reached $24.8 million, or 33 cents a diluted share, compared with $15.6 million, or 26 cents, in the year-ago quarter. Adjusted earnings per share were 36 cents, 5 cents above the consensus estimate of analysts polled by Yahoo Finance.
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