Iconix Brand Q3 Profit Rises - Quick Facts

(RTTNews) - Iconix Brand Group Inc. (ICON) reported third-quarter net income attributable to company of approximately $29.0 million, a 7% increase as compared to $27.1 million prior year. Earnings per share increased to $0.50, from $0.38 prior year. Non-GAAP net income was $33.09 million or $0.59 per share, for the quarter. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.52 for the quarter. Analysts' estimates typically exclude special items.

Total revenue was approximately $107.2 million, a 24% increase as compared to approximately $86.6 million, prior year. Analysts expected revenue of $105.89 million for the quarter.

Iconix Brand maintained its 2013 revenue guidance of $425 million-$435 million. Iconix raised its 2013 non-GAAP earnings per share guidance to $2.30-$2.40 from $2.20-$2.30. The company raised its 2013 GAAP earnings per share guidance to $2.06-$2.16 from $1.97-$2.07. Analysts expect the company to report fiscal 2013 profit per share of $2.25 on revenue of $429.83 million.

The company expects its 2014 revenue in the range of $440 million-$455 million; non-GAAP earnings per share in the range of $2.50-2.60; and GAAP earnings per share in the range of $2.19-$2.29. Analysts expect the company to report profit per share of $2.47 on revenue of $451.82 million.