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Elizabeth Arden Reports 3Q Loss

Elizabeth Arden Inc. on Thursday reported a loss of $34.4 million in its fiscal third quarter.
By
  • Associated Press

MIRAMAR, United States — Elizabeth Arden Inc. on Thursday reported a loss of $34.4 million in its fiscal third quarter.

On a per-share basis, the Miramar, Florida-based company said it had a loss of $1.18. Losses, adjusted for non-recurring costs, came to 86 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.

The cosmetics company posted revenue of $191.7 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $194.5 million.

Elizabeth Arden shares have fallen 32 percent since the beginning of the year. The stock has decreased 58 percent in the last 12 months.

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