- EOD, daily
Iconix Brand beats by $0.04, beats on revs; lowers FY16 outlook :
- Reports Q3 (Sep) earnings of $0.19 per share, $0.04 better than the Capital IQ Consensus of $0.15; revenues fell 0.4% year/year to $90.9 mln vs the $88.91 mln Capital IQ Consensus.
- Co issues guidance for FY16, sees EPS trending to low end of $1.06-1.21 vs. $1.12 Capital IQ Consensus Estimate; sees FY16 revs of $3-5 mln below low end of $370-390 mln vs. $371.13 mln Capital IQ Consensus Estimate.
- "I am pleased to report that Iconix delivered another solid quarter. Performance across the brands was mixed, but with our balanced portfolio of brands and the Company's attractive margins, we were able to achieve stable revenue, increased profits and healthy free cash flow. We look forward to sharing details about our vision and our growth plan at our upcoming investor day next Tuesday, November 15th."
- On November 4, 2016, the Company received a letter from the Staff of the U.S. Securities and Exchange Commission - Division of Corporate Finance, formally communicating that the Staff has completed its review of the Company's Forms 10-K for the years ending December 31, 2013 through 2015.
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