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Pastimes : The Makeup Thread

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To: richardred who wrote (1443)	2/1/2007 10:33:23 AM
From: richardred	Read Replies (1) of 1925

Elizabeth Arden 2Q Net Income Falls Thursday February 1, 7:59 am ET Elizabeth Arden 2nd-Quarter Earnings Decline With Acquisition Expenses NEW YORK (AP) -- Beauty products maker Elizabeth Arden Inc. said Thursday fiscal second-quarter net income fell 22 percent, as sales of its newer fragrances at U.S department stores fell short of expectations during the holiday season. Quarterly net income totaled $25.9 million, or 91 cents per share, versus $33.1 million, or $1.12 per share during the prior-year period. Excluding restructuring charges, earnings were 92 cents per share. Analysts polled by Thomson Financial expected profit of 82 cents per share. Revenue rose 19 percent to $410.8 million, from $345.9 million last year, helped by sales of fragrance brands sold to mass retail customers and new brands such as "With Love ... Hilary Duff" fragrance. Analysts predicted revenue of $407 million. The company said recently launched fragrances fell short of company expectations due to softer than expected holiday season sales at U.S. department stores. Operating expenses rose to $114.7 million from $91.5 million. Arden shares fell 70 cents to $18.20 in premarket activity. biz.yahoo.com

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