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By
Reuters
Published
Nov 3, 2008
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Iconix Brand Q3 profit tops Street view

By
Reuters
Published
Nov 3, 2008

Nov 3 (Reuters) - Iconix Brand Group Inc posted a better-than-expected quarterly profit, as licensing and other revenue rose 29 percent, but forecast 2008 results at the lower end of its earlier range.


hayden Panettiere for Iconix's "Candies"

The company, which owns and licenses a popular collection of brands like Candie's, Joe Boxer and Rocawear, earned $18.3 million for the third quarter, compared with $17.0 million a year earlier.

For 2008, the company had previously forecast earnings of $1.15 to $1.20 a share, and revenue of $215 million to $220 million.

The New York-based company expects 2009 earnings growth of about 8 percent and revenue growth of about 7 percent.

Shares of the company closed at $10.89 Friday on Nasdaq.

For the alerts, please click .

For the press release, please click . (Reporting by Dilipp S. Nag in Bangalore; Editing by Himani Sarkar)

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