Elizabeth Arden Reports Mixed Results (RDEN)

Miramar, Florida-based Elizabeth Arden, Inc. RDEN released financial results on Thursday morning that beat Wall Street earnings estimates, while missing revenue expectations. Elizabeth Arden, Inc announced that its 2nd quarter net income climbed to $34.0 million, or $1.19 per share, up from $21.1 million, or $73 cents per share, a year earlier. Excluding special items, the company reported earnings of 1.20 per share. Elizabeth Arden, Inc reported revenue of $405.63 million, up from $393.35 million a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of $1.04 per share, on revenue of $408.07 million. Elizabeth Arden, Inc. (RDEN) finished the previous trading day at $25.00 per share. The consensus price target of analysts covering the company's stock is $28.86 per share. Elizabeth Arden, Inc is a global prestige beauty products company with an extensive portfolio of prestige beauty brands sold in over 100 countries. Read more from Benzinga's Company news.