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Iconix: 4Q Earnings Snapshot

Iconix: 4Q Earnings Snapshot

Associated Press

NEW YORK (AP) _ Iconix Brand Group Inc. (ICON) on Wednesday reported a fourth-quarter loss of $69.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the New York-based company said it had a loss of $9.04. Losses, adjusted for asset impairment costs and non-recurring costs, were $2.52 per share.

The clothing brand licensing company posted revenue of $42.7 million in the period.

For the year, the company reported that its loss narrowed to $100.5 million, or $15.73 per share. Revenue was reported as $187.7 million.

Iconix expects full-year revenue in the range of $145 million to $160 million.

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The company's shares closed at $1.73. A year ago, they were trading at $11.70.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ICON at https://www.zacks.com/ap/ICON