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.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus