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Elizabeth Arden Reports 1Q Loss

Elizabeth Arden Inc. on Wednesday reported a loss of $15.9 million in its fiscal first quarter. The results fell short of Wall Street expectations.
By
  • Associated Press

MIRAMAR, United States — Elizabeth Arden Inc. on Wednesday reported a loss of $15.9 million in its fiscal first quarter.

The Miramar, Florida-based company said it had a loss of 56 cents per share. Losses, adjusted for non-recurring costs, were 18 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.

The cosmetics company posted revenue of $266 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $269 million.

Elizabeth Arden shares have declined 44 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.03, a fall of 29 percent in the last 12 months.

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