Earnings roundup: License fees lift Iconix 1Q profit, Estee Lauder earnings more than double
By APTuesday, April 27, 2010
Earnings roundup: Iconix, Estee Lauder
Among the earnings stories for Tuesday, April 27, from AP Financial News:
Top stories:
NEW YORK — Apparel maker Iconix Brand Group Inc. said first-quarter earnings rose 58 percent as it earned more money from licensing and other revenue. The company also said it will acquire licensing rights to Snoopy, Charlie Brown and the rest of the “Peanuts” gang for $175 million in cash from E.W. Scripps Co.
NEW YORK — Strong results overseas and better demand for more expensive products such as the $130-an-ounce La Mer skin cream helped Estee Lauder Cos.’ fiscal third-quarter profit more than double.
Other stories:
ST. LOUIS — Energizer Holdings Inc. said its profit rose 15 percent in its fiscal second quarter as sales increased and the consumer products company benefited from its integration of the Edge and Skintimate brands.
BALTIMORE — Under Armour Inc.’s first-quarter profit soared as shoppers flocked to its men’s, women’s and youth athletic clothing and made a bunch of purchases online and in factory stores.
NEW YORK — Valero Energy Corp. said it lost money for the fourth straight quarter as the country burned less fuel.
COLUMBUS, Ind. — Engine maker Cummins Inc. reported sharply higher first-quarter profits on improved sales in fast-recovering markets like China and the effect of restructuring charges in the year-ago quarter.
UNDATED — Israeli drug developer Compugen Ltd. said its first-quarter loss widened by 17 percent, as stock-based compensation and research and development costs climbed.
ST. PAUL, Minn. — Cleaning and pest-control services company Ecolab Inc. said its first-quarter profit soared 66 percent from a year-ago period that was weighed down by a hefty charge, and raised its 2010 outlook.
BATON ROUGE, La. — Home health provider Amedisys Inc. said its profit rose 36 percent in the first quarter as it acquired more businesses and saw more patients.
LAS VEGAS — Pinnacle Entertainment Inc.’s first-quarter profit soared, helped by a substantial gain related to some property sales as well as an insurance claim settlement.
