Tax reduction helps Prestige earnings
-
- February
- 5
Prestige Brands Holdings Inc., the Irvington company that markets Comet, Chore Boy, Spic and Span and other consumer products, earned $10.64 million, or 21 cents a share, during the third quarter of its fiscal 2007, the company announced today.
That was a 14-percent improvement over the company’s performance a year earlier when the profit was $9.35 million, or 19 cents a share. The increase was largely due to $1.7 million tax benefit that resulted from a reduction in its deferred income tax rate, the company said. Revenues increased to $80.12 million from $79.86 million.
Shares of Prestige closed today at $12.70 apiece, up a penny. The earnings announcement was released after the stock market closed.
This entry was posted
on Monday, February 5th, 2007 at 6:59 pm by Allan Drury.
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