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Elizabeth Arden reports 4Q loss

Elizabeth Arden Inc. on Thursday reported a loss of $108.1 million in its fiscal fourth quarter. The results fell short of Wall Street expectations.
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  • Associated Press

MIRAMAR, United States — Elizabeth Arden Inc. on Thursday reported a loss of $108.1 million in its fiscal fourth quarter.

On a per-share basis, the Miramar, Florida-based company said it had a loss of $3.65. Losses, adjusted for non-recurring costs, came to $1.57 per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 65 cents per share.

The cosmetics company posted revenue of $175.5 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $188.7 million.

Elizabeth Arden shares have fallen 52 percent since the beginning of the year. The stock has fallen 51 percent in the last 12 months.

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