Iconix Brand Group Q1 Earnings Retreat 37%

(RTTNews) - Iconix Brand Group (ICON) announced a profit for first quarter that fell compared to the same period last year.

The company said its bottom line dropped to $19.64 million, or $0.34 per share. This was down from $30.99 million, or $0.62 per share, in last year's first quarter.

The company said revenue for the quarter fell 13.2% to $58.72 million. This was down from $67.68 million last year.

Iconix Brand Group earnings at a glance:

-Earnings (Q1): $19.64 Mln. vs. $30.99 Mln. last year. -Earnings Decline (Y-o-Y): -36.6% -EPS (Q1): $0.34 vs. $0.62 last year. -EPS Decline (Y-o-Y): -45.2% -Revenue (Q1): $58.72 Mln vs. $67.68 Mln last year. -Revenue Change (Y-o-Y): -13.2%

-Guidance: Full year EPS guidance: $0.70 - $0.85 Full year revenue guidance: $235 - $245 Mln