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Parlux Fragrance shares fall on third quarter results.
April 16, 2007
By: TOM BRANNA
Editor
Shares of Parlux Fragrances Inc. fell on Monday, after the perfume and beauty products maker said it posted a loss from continuing operations in the third quarter and an analyst said revenue growth was overshadowed by soaring operating costs. On Friday, the company said net income climbed to $17.9 million, or 98 cents per share, from $6 million, or 28 cents per share, in the prior year quarter. However, excluding a gain from the sale of its Perry Ellis fragrance brand, the company fell to a l...
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