Iconix Brand Group Reports 35% Drop In Q2 Bottom Line

(RTTNews) - Iconix Brand Group (ICON) revealed earnings for second quarter that lost ground compared to the same period last year.

The company said its bottom line fell to $13.92 million, or $0.27 per share. This was lower than $21.30 million, or $0.43 per share, in last year's second quarter.

Analysts had expected the company to earn $0.23 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.7% to $95.74 million. This was down from $97.40 million last year.

Iconix Brand Group earnings at a glance:

-Earnings (Q2): $13.92 Mln. vs. $21.30 Mln. last year. -Earnings Decline (Y-o-Y): -34.6% -EPS (Q2): $0.27 vs. $0.43 last year. -EPS Decline (Y-o-Y): -37.2% -Analysts Estimate: $0.23 -Revenue (Q2): $95.74 Mln vs. $97.40 Mln last year. -Revenue Change (Y-o-Y): -1.7%