Iconix Brand Group Inc (ICON) Releases Earnings Results, Beats Expectations By $0.30 EPS

Iconix Brand Group Inc (ICON) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.53 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.30. Analysts had a consensus of $0.23. The company posted revenue of $94.60 million in the period, compared to analysts expectations of $93.87 million. The company’s revenue was down -1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Iconix Brand Group Inc opened for trading at $8.05 and hit $8.24 on the upside on Wednesday, eventually ending the session at $8.1, with a gain of 0.37% or 0.03 points. The heightened volatility saw the trading volume jump to 6,93,297 shares. Company has a market cap of $395 M.

Iconix Brand Group Inc. is a brand management company and owner of a diversified portfolio of 35 global consumer brands across women’s men’s entertainment and home. The Company’s brand portfolio includes Candie’s Bongo Badgley Mischka Joe Boxer Rampage Mudd London Fog Mossimo Ocean Pacific (OP) Danskin Rocawear Cannon Royal Velvet Fieldcrest Charisma Starter Waverly Zoo York Sharper Image Umbro Lee Cooper Ecko Unltd. Marc Ecko and Strawberry Shortcake. The Company also has interest in Artful Dodger Material Girl Peanuts Ed Hardy Truth or Dare Billionaire Boys Club Ice Cream Modern Amusement Buffalo Nick Graham Pony and Hydraulic brands. The Company licenses its brands with respect to a range of products including apparel footwear fashion accessories sportswear home products and decor and beauty and fragrance and in the case of its Sharper Image brand consumer electronics and novelty products.

Iconix Brand Group Inc

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