Iconix Brand Group Earnings Retreat 0% In Q1

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

The company said its bottom line came in at $26.90 million, or $0.53 per share. This was down from $26.94 million, or $0.54 per share, in last year's first quarter.

Analysts had expected the company to earn $0.41 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.2% to $94.63 million. This was down from $95.81 million last year.

Iconix Brand Group earnings at a glance:

-Earnings (Q1): $26.90 Mln. vs. $26.94 Mln. last year. -Earnings Decline (Y-o-Y): -0.1% -EPS (Q1): $0.53 vs. $0.54 last year. -EPS Decline (Y-o-Y): -1.9% -Analysts Estimate: $0.41 -Revenue (Q1): $94.63 Mln vs. $95.81 Mln last year. -Revenue Change (Y-o-Y): -1.2%

-Guidance: Full year EPS guidance: $1.15 - $1.30 Full year revenue guidance: $370 - $390 Mln