By  on August 13, 2010

Shares of Elizabeth Arden Inc. vaulted more than 10 percent Thursday after the New York-based beauty firm posted fourth-quarter earnings, and projected fiscal 2011 profits above analysts’ estimates.

In the three months ended June 30, Arden generated net income of $2.3 million, or 8 cents a diluted share. This came against a net loss of $3.6 million, or 13 cents, in the year-ago period and a consensus estimate of 1 cent a share, according to analysts polled by Yahoo Finance. Sales rose 7.4 percent, to $228.2 million from $212.6 million in the 2009 period, and would have advanced 7.2 percent without the favorable effect of foreign currency translation.

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