U.S. Markets closed

Iconix posts 2Q profit

NEW YORK (AP) _ Iconix Brand Group Inc. (ICON) on Wednesday reported second-quarter profit of $41.2 million.

The New York-based company said it had net income of 70 cents per share. Earnings, adjusted to account for discontinued operations, were 26 cents per share.

The clothing brand licensing company posted revenue of $61.6 million in the period.

Iconix expects full-year earnings in the range of 65 cents to 70 cents per share, with revenue in the range of $225 million to $235 million.

Iconix shares have dropped 34 percent since the beginning of the year. The stock has dropped 21 percent in the last 12 months.

_____

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

_____

Keywords: Iconix Brand, Earnings Report