Iconix Brand reiterates 2010 profit and revenue outlook
By APTuesday, February 23, 2010
Iconix Brand reiterates 2010 outlook
NEW YORK — Apparel maker Iconix Brand Group Inc. on Tuesday reaffirmed its 2010 outlook for per-share earnings between $1.13 and $1.18.
Adjusted earnings are expected to be $1.25 to $1.30 per share. Sales are expected to come in between $260 million and $270 million.
Analysts polled by Thomson Reuters expect profit of $1.30 per share on $266 million in revenue for the year.
Shares fell 53 cents, or 3.8 percent, to close at $13.24.
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