Iconix Brand Group Earnings: Here’s Why Investors are Happy Now

Iconix Brand Group, Inc. (NASDAQ:ICON) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1%.

Iconix Brand Group, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share were the same at $0.41 in the quarter as EPS of $0.41 in the year-earlier quarter.

Revenue: Decreased 10.9% to $85.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Iconix Brand Group, Inc. reported adjusted EPS income of $0.41 per share. By that measure, the company beat the mean analyst estimate of $0.37. It beat the average revenue estimate of $82.51 million.

Quoting Management: Neil Cole, Chairman and CEO of Iconix Brand Group, Inc. commented, “Over the past year we have executed on several exciting initiatives that position our company for significant growth. We acquired three iconic brands, continued to expand our global footprint, signed a Peanuts movie deal and launched a new $1.1 billion securitization facility. Looking to 2013 and beyond, with our powerful portfolio of over 30 brands that are well diversified across numerous industries and geographies along with our strong balance sheet and financial flexibility, we look forward to delivering continued growth and value to our shareholders.”

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