Parlux Fragrances announces Q3 loss
Fort Lauderdale-based <strong>Parlux Fragrances Inc.</strong> (Nasdaq: <a href="/quotes?symbol=parl">PARL</a>) announced late Friday a net loss of $5.4 million, or $0.30 per share, from continuing operations for its fiscal third quarter. <br /> <br /> At the same time, Parlux said its overall net income for the quarter climbed nearly three-fold to $17.9 million, or $0.98 per share, on revenue of $43.4 million. The results included a pre-tax gain of $34.3 million from the sale of the Perry Ellis fragrance brand. <br /> <br /> Analysts polled by Thomson First Call had estimated earnings per share of $0.17 on revenue of $36.2 million.<br /> <br />  By filing the quarterly report, Parlux hopes to gain compliance with the Nasdaq stock exchange. The company was in danger of being delisted from the exchange because of the delay in filing its quarterly report.<br /> <br /> Perry Ellis International, a Miami-based apparel, accessories and fragrance designer, distributor and licensor bought back its own fragrance rights from Parlux in December 2006. The transaction – valued at $63 million -- took place after a third party deal to acquire the rights fell through. <br /> <br /> PF Acquisition of Florida LLC, which was run by Parlux Chairman and CEO Ilea Lakach, attempted to take Parlux private last year in an unsolicited $259.55 million offer. Shareholders and the company’s board protested the takeover bid, which was eventually taken off the table. <br /> <br /> Shares of Parlux fell by $0.41, or 7.1%, to $5.36 in after-hours trading Friday.
