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Article: Lifetime Brands Reports EPS of $0.40 for Third Quarter of 2009.
- Article from:
- Health & Medicine Week
- Article date:
- November 16, 2009
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Lifetime Brands, Inc. (NASDAQ: LCUT), North America's leading resource for nationally branded kitchenware, tabletop and home decor products, announced its results for the three months ended September 30, 2009 (see also Lifetime Brands, Inc.).
Net income for the quarter was $4.9 million, as compared to a net loss of $1.1 million in the same period last year. Diluted income per common share was $0.40, as compared to a loss of $0.09 per common share in the 2008 quarter.
Adjusted EBITDA, a non-GAAP measure, which the Company defines as net income (loss) before interest, taxes, depreciation, amortization, restructuring expenses and stock option expense, as ...