Iconix (ICON) Q2 Earnings & Sales Beat, View Cut Hits Stock
Zacks Investment Research | Aug 09, 2017 09:51PM ET
After witnessing negative earnings surprise in the first quarter of 2017, Iconix Brand Group, Inc. (NASDAQ:ICON) delivered positive earnings surprise of 52.9% in the second quarter. Also, its top line surpassed the Zacks Consensus Estimate. However, the company slashed its earnings and revenue guidance for 2017, which has hurt investors’ sentiments.
Consequently, shares of this Zacks Rank #3 (Hold) company declined 9.6% yesterday. Overall, the company’s shares have declined 17.7% in the last three months against the Original post
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