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Iconix Brand Reports Preliminary Q3 Results


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(RTTNews.com) - Iconix Brand Group Inc. ( ICON ) said that it expects GAAP EPS from continuing operations for the third quarter of 2017, excluding the impairment charge, to be a loss of approximately $0.10, as compared to earnings of $0.25 in the third quarter of 2016.

The earnings of $0.25 in the third quarter of 2016 included approximately $0.18 per share related to a gain on the sale of our equity interest in Complex Media. The loss of $0.10 in the third quarter of 2017 includes the non-cash tax charge of approximately $15 million or $0.26 per share.

The Company expects non-GAAP EPS from continuing operations for the third quarter of 2017 to be approximately $0.24, as compared to $0.18 in the third quarter of 2016.

The company believes that, excluding the impact of the intangible asset impairment charge, full year 2017 results will be within previously issued guidance.

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This article appears in: Politics , Fundamental Analysis , World Markets , Stocks , Earnings
Referenced Symbols: ICON


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