Sunday, August 26, 2012
Elizabeth Arden sees 2013 profit above estimates
Beauty products maker Elizabeth Arden Inc on Thursday forecast 2013 profit above estimates on stronger sales due to a larger portfolio of fragrance brands. Photo: Elizabeth ArdenElizabeth Arden, known for its Prevage anti-aging creams and celebrity fragrances, expects earnings of between $2.55 to $2.70 per share, for the fiscal year ending June 2013, above the $2.37 expected by Wall Street, according to Thomson Reuters I/B/E/S. The company, which in the spring bought licenses for fragrances for
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