Elizabeth Arden Reports Narrower-than-expected Loss

By Markets MarketWatch Pulse

Elizabeth Arden Inc. said Thursday that it had a fiscal third-quarter net loss of of $27.7 million, or 59 cents per share, compared with a loss of $35.1 million, or $1.18 per share, for the same period last year. The adjusted loss was 59 cents per share, exceeding the FactSet consensus estimate of a 74-cent per-share loss. Sales for the quarter were $191.9 million, up from $191.7 million last year. The FactSet consensus was $190 million. The company will comment on fiscal 2017 and its fiscal 2016 year-end in August. Elizabeth Arden shares are unchanged in premarket trading, but are down 38.5% for the past 12 months. The S&P 500 is down 1.8% for the last year.

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