By  on November 5, 2012

Elizabeth Arden Inc.’s first-quarter profits fell sharply as the company focused on reshaping its namesake brand.

Net income declined 76.3 percent to $2.2 million, or 7 cents a diluted share, from $9.2 million, or 31 cents, a year earlier. Adjusting for costs to reposition the Elizabeth Arden brand as well as acquisition costs, income rose to 44 cents a diluted share, 2 cents better than the 42 cents analysts projected.

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