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UPDATE: Elizabeth Arden Reports Surge In FQ4 Earnings; Shares Up In Pre-Market

By Insider Scoop
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Courtesy of Benzinga.

Elizabeth Arden Inc (NASDAQ: RDEN) reported a strong rise in its fiscal fourth-quarter earnings.

Elizabeth Arden reported its quarterly profit at $5.4 million, or $0.18 per share, up from $2.3 million, or $0.08 per share, in the year-ago period. Its sales surged 11% to $253.8 million. However, analysts were expecting earnings of $0.10 per share on sales of $243 million.

Elizabeth Arden projects current-quarter earnings of $0.25 to $0.30 per share on sales of $295 million to $305 million. Analysts were expecting earnings of $0.26 per share on sales of $296 million.

Elizabeth Arden shares gained 3.23% to $27.50 in pre-market trading.

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