Sequential Brands Group posted first-quarter gains above Wall Street’s expectations.

The brand management firm said net income for the three months ended March 31 jumped 94.6 percent to $1.4 million, or 4 cents a diluted share, from $742,000, or 3 cents, a year ago. Net revenue more than doubled to $13.6 million from $6.3 million. Wall Street was expecting 0 cents on revenues of $11 million.

The company recently acquired a majority interest in the Jessica Simpson brand.

Yehuda Shmidman, chief executive officer, said, “Core to our growth strategy is that we are focused on executing on our playbook of both organic and acquisition growth, and our recent results and future plans reflect this strategy.”

The company is reiterating revenue guidance for the year ending Dec. 31, 2015, of $78 million to $81 million, with adjusted earnings before interest, taxes, depreciation and amortization of $48.5 million to $50.5 million. Because of the seasonality in the businesses of many of the company’s licensees, it said revenue for the year will be weighted to the third and fourth quarters.

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The company in the quarter sold its People’s Liberation women’s denim brand to a third party.

Steven Marotta, analyst at C.L. King, has a “Buy” rating for the shares, noting that initiatives at the Jessica Simpson brand — centralized e-commerce site, new global partners and activewear — indicate additional avenues for growth.

Wunderlich Securities Inc.’s analyst Eric Beder also has a “Buy” rating on the stock, noting that the company beat on every metric, even in what is its “smallest quarter for the year.” He also noted that the company’s sale of People’s Liberation, a legacy business inherited by new management two years ago that offered limited growth opportunities, “shows that the current management looks upon their brands as a dynamic portfolio, pruning the immaterial ones….We note that this has been a key weakness of Iconix Brands.”

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