XCel Brands: 2Q Earnings Snapshot
NEW YORK (AP) _ XCel Brands Inc. (XELB) on Thursday reported second-quarter net income of $1.9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the New York-based company said it had profit of 10 cents. Earnings, adjusted for one-time gains and costs, were 5 cents per share.
The brand management company posted revenue of $9.1 million in the period.
The company’s shares closed at $1.85. A year ago, they were trading at $2.60.