Iconix 2010 Outlook Disappoints Investors
Stock quotes in this article:
ICON
NEW YORK (AP) — Iconix Brand Group Inc., which owns apparel brands including Candie's, Joe Boxer, Mossimo and London Fog, on Tuesday gave 2010 guidance that disappointed investors, and shares fell.
Shares fell 97 cents, or 7.3 percent, to $12.40 during morning trading. The stock has traded between $5.11 and $18.30 over the past year. The company reiterated 2009 earnings guidance of $1.17 to $1.22 per share, excluding one-time items, on revenue of $215 million to $220 million. Analysts polled by Thomson Reuters, on average, predict a profit of $1.19 per share on revenue of $216.7 million. Analyst estimates typically exclude one-time items. Iconix expects a profit of $1.25 to $1.30 per share in 2010, excluding one time items. That's below the $1.34 per share analysts are expecting. It predicted revenue of $260 million to $270 million, above the $242.6 million analysts predict. The news came as Iconix reported third-quarter profit rose 25 percent and the company said it is taking a controlling stake in Ecko's portfolio of brands.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
-
British Airways Strike Effect Disputed
New York Times
-
China denounces Google 'US ties'
BBC
-
Bharti Gets $8.3 Billion in Funding for Zain Purchase (Update3)
BusinessWeek Online
-
I.M.F. Warns Wealthy Nations about Debt
Calculated Risk
-
Oil Prices and Vehicle Miles
Calculated Risk
-
China Bourse Tests Trading System For Stock Index Futures-Report
FOXBusiness.com
-
Greenberg to Sell Some AIG Shares
The Wall Street Journal.
-
Dividends Take to Comeback Trail
The Wall Street Journal.
-
Dubai Shares Climb to 2-Month High on Debt Plan, Saudi Arabia
BusinessWeek Online
-
The Media Equation: Location Is Being Redefined for the Digital Age
New York Times
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,741.98 | 1,159.90 | 2,374.41 | 36.87 |
Oil *
79.80
|
|
DOWN
37.19
|
DOWN
5.92
|
DOWN
16.87
|
UP
0.15
|
10 Yr
3.69%
SPDR Gold
108.28
|
|
-0.34%
|
-0.51%
|
-0.71%
|
+0.41%
|
Data delayed 20 minutes |
More From TheStreet
Latest HeadlinesBrokerage Partners
Sponsored Links














