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Iconix Brand profit misses consensus by 30.1% in Q1

4257546 said its normalized net income for the first quarter amounted to 48 cents per share, compared with the S&P Capital IQ consensus estimate of 68 cents per share.

EPS rose 6.5% year over year from 45 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $24.7 million, a decrease from $26.0 million in the prior-year period.

The normalized profit margin climbed to 26.4% from 23.3% in the year-earlier period.

Total revenue fell 14.6% year over year to $95.4 million from $111.7 million, and total operating expenses declined 7.6% year over year to $44.2 million from $47.8 million.

eported net income grew 5.0% on an annual basis to $62.8 million, or $1.21 per share, from $59.8 million, or $1.03 per share.Iconix Brand Group Inc.

4257546 said its normalized net income for the first quarter amounted to 48 cents per share, compared with the S&P Capital IQ consensus estimate of 68 cents per share.