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Elizabeth Arden Lowers Outlook; Shares Slump

Stock quotes in this article: RDEN , AVP , EL  

Cosmetic company Elizabeth Arden(RDEN Quote) forecast a gloomy full-year outlook despite better-than-expected third-quarter results.

The news sent shares down more than 7% to $7.91 in afternoon trading.

Arden expects to earn 38 cents to 50 cents a share in 2009, citing a stronger dollar, which is hurting overseas sales. Analysts were looking for full-year earnings of 73 cents. ...

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