Автор
Reuters
Reuters
Опубликовано
9 янв. 2011 г.
9 янв. 2011 г.
Elizabeth Arden raises Q2 earnings forecast
Автор
Reuters
Reuters
Опубликовано
9 янв. 2011 г.
9 янв. 2011 г.
Elizabeth Arden Inc raised its second quarter earnings forecast on Thursday.
The beauty products company said its earnings per share will now exceed its Nov. 4 forecast of 90 cents to $1.00 per share for the quarter ended Dec. 31.
Elizabeth Arden's new Prevage line with sun protection |
Elizabeth Arden also said its net sales will now be at or above the high end of its prior forecast of $393 million to $403 million.
Analysts on average expect revenue of $403 million for the quarter, according to Thomson Reuters I/B/E/S.
The company also said it plans to offer $225 million of senior notes due 2021. It said the net proceeds will be used to repurchase its senior subordinated notes due in 2014.
(Reported by Liana B. Baker; Editing by Bernard Orr)
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