Sequential Brands Group Inc. shares fell 5.1% in Thursday premarket trading after the company reported a third-quarter earnings and revenue miss. Sequential Brands portfolio includes brands like Avia, Ellen Tracy, Emeril Lagasse and The Franklin Mint. Net loss totaled $24.2 million, or 38 cents per share, compared with net income of $1.3 million, or 2 cents per share, for the same period last year. Adjusted EPS was 10 cents, below the 13-cents FactSet consensus. Revenue was $39.3 million, down from $42.0 million last year and below the $43.8 million FactSet estimate. The company now expects full-year revenue of $165.0 million to $169.0 million, and a net loss of $8.4 million to $10.4 million. The FactSet consensus was $173.6 million and EPS of 52 cents. Sequential Brands shares are down 50% for the last 12 months while the S&P 500 index is up 20% for the period.
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