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Sequential Brands: 3Q Earnings Snapshot

·1 min read

NEW YORK (AP) _ Sequential Brands Group Inc. (SQBG) on Monday reported third-quarter net income of $4.4 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had profit of $2.69. Earnings, adjusted for non-recurring gains, were $1.30 per share.

The licensing and brand management company posted revenue of $24 million in the period.

Sequential Brands shares have dropped 49% since the beginning of the year. In the final minutes of trading on Monday, shares hit $7.05, a drop of 47% in the last 12 months.

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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 SQBG at https://www.zacks.com/ap/SQBG