Sequential Brands (SQBG) Misses Q3 EPS by 4c

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Sequential Brands Group Announces Third Quarter 2017 Financial Results

November 9, 2017 8:00 AM EST

NEW YORK, Nov. 09, 2017 (GLOBE NEWSWIRE) -- Sequential Brands Group, Inc. (Sequential or the Company) (Nasdaq: SQBG) today announced financial results for the quarter and nine months ended September 30, 2017.

Third Quarter 2017 Results:

Total revenue for the quarter ended September 30, 2017 was $39.0 million, compared to $42.0 million in the prior year quarter.  On a GAAP basis, the net loss for the third quarter 2017 was $(24.2) million or $(0.38) per diluted share compared to net income for the third quarter 2016 of $1.3 million or $0.02 per diluted share. Included in the net loss for the third quarter 2017 were... More