UPDATE: Elizabeth Arden Posts Weak FQ4 Results

Elizabeth Arden RDEN posted a loss in the fiscal fourth quarter loss. For the full fiscal year ending June 30, 2014, Elizabeth Arden expects earnings of $2.15 to $2.30 per share on net sales growth of 3% to 5%. However, analysts were projecting a profit of $2.85 per share on sales growth of 8%. Elizabeth Arden posted a quarterly loss of $5 million, or $0.17 per share, versus a year-ago profit of $3.6 million, or $0.12 per share. Excluding one-time items, its adjusted earnings dropped to $0.10 per share from $0.28 per share. Its revenue rose 0.8% to $267.6 million. However, analysts were estimating earnings of $0.33 per share on revenue of $290 million. Elizabeth Arden's gross margin narrowed to 44.4% from 48.8%. Elizabeth Arden shares closed at $40.29 yesterday.