Iconix Brand Group Earnings Decline 89% In Q3

(RTTNews) - Iconix Brand Group (ICON) announced a profit for third quarter that retreated from last year.

The company said its bottom line came in at $4.36 million, or $0.09 per share. This was down from $38.00 million, or $0.72 per share, in last year's third quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.9% to $88.94 million. This was down from $91.61 million last year.

Iconix Brand Group earnings at a glance:

-Earnings (Q3): $4.36 Mln. vs. $38.00 Mln. last year. -Earnings Decline (Y-o-Y): -88.5% -EPS (Q3): $0.09 vs. $0.72 last year. -EPS Decline (Y-o-Y): -87.5% -Analysts Estimate: $0.52 -Revenue (Q3): $88.94 Mln vs. $91.61 Mln last year. -Revenue Change (Y-o-Y): -2.9%

-Guidance: Full year EPS guidance: $1.35-$1.40