Iconix Brand Q1 Profit Rises; Maintains FY15 Revenue, Non-GAAP EPS Guidance

(RTTNews) - Iconix Brand Group, Inc. (ICON) reported first quarter net income to company of $62.8 million or $1.21 per share, compared to $59.8 million or $1.03 per share, prior year. Adjusted earnings per share was $0.54, for the quarter.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.68 for the quarter. Analysts' estimates typically exclude special items.

Licensing revenue decreased to $95.4 million from $112.2 million last year. Analysts expected revenue of $112.30 million for the quarter.

The company maintained its 2015 guidance of: revenue guidance of $490-$510 million; and Non-GAAP EPS guidance of $3.00-$3.15. Analysts expect the company to report fiscal 2015 earnings per share of $3.07 on revenue of $501.03 million.

The company increased its 2015 GAAP EPS guidance to $3.65-$3.79 from $3.06-$3.20 to reflect the gain in the first quarter of 2015 related to the acquisition of full ownership and control of its Iconix China joint venture.