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August 11, 2005
By: TOM BRANNA
Editor
Elizabeth Arden Inc., a New York-based beauty and cosmetics company, has stated that its fourth-quarter net loss narrowed to $4.5 million, or 16 cents a share, from $9.1 million, or $1.12 cents, a year ago. The net loss would have been 11 cents a share, excluding a charge for the sale of a facility. Analysts forecast an average loss of 13 cents a share. Revenue for the period ended June 30 increased to $187.1 million from $154.6 million in last year’s fourth quarter. Well below analysts’ view for 21 cents a share, the company expects earnings of 5 to 6 cents a share in the fist quarter. For the second quarter, Arden sees earnings at $1.25 to $1.28, ahead of analysts’ view for $1.16 a share. Fiscal 2006 earnings are targeted at $1.50 to $1.55, bracketing analysts view for $1.53 a share.
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