Iconix Brand Group Inc. said its normalized net income for the fourth quarter came to 53 cents per share, compared with the S&P Capital IQ consensus estimate of 27 cents per share.

EPS climbed year over year from 23 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $25.8 million, a gain from $12.8 million in the prior-year period.

The normalized profit margin rose to 32.1% from 13.3% in the year-earlier period.

Total revenue rose on an annual basis to $100.2 million from $96.0 million, and total operating expenses increased 10.8% on an annual basis to $55.0 million from $49.7 million.

Reported net income totaled a loss of $261.5 million, or a loss of $5.41 per share, compared to income of $17.5 million, or 32 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled $1.42 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $1.43.

EPS rose 20.0% from $1.18 in the prior year.

Normalized net income was $68.4 million, a gain from $67.7 million in the prior year.

Full-year total revenue declined from the prior-year period to $379.2 million from $391.5 million, and total operating expenses increased 7.9% year over year to $202.9 million from $188.1 million.

The company said reported net income totaled a loss of $189.3 million, or a loss of $3.92 per share, in the full year, compared with income of $103.8 million, or $1.81 per share, the prior year.