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Elizabeth Arden Reports 2Q Loss

Elizabeth Arden Inc. on Thursday reported a loss of $4.9 million in its fiscal second quarter. The results did not meet Wall Street expectations.
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  • Associated Press

MIRAMAR, United States — Elizabeth Arden Inc. on Thursday reported a loss of $4.9 million in its fiscal second quarter.

The Miramar, Florida-based company said it had a loss of 19 cents per share. Earnings, adjusted for non-recurring costs, were 10 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.

The cosmetics company posted revenue of $316.2 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $342.3 million.

Elizabeth Arden shares have fallen 19 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.02, a fall of 45 percent in the last 12 months.

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