Sequential Brands (SQBG) Misses Q1 EPS by 2c
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Sequential Brands Group Announces First Quarter 2018 Results
May 9, 2018 7:30 AM EDTNEW YORK, May 09, 2018 (GLOBE NEWSWIRE) -- Sequential Brands Group, Inc. (Sequential or the Company) (Nasdaq: SQBG) today announced financial results for the first quarter ended March 31, 2018.
First Quarter 2018 Results:
Effective January 1, 2018, the Company adopted a new revenue recognition standard ("ASC 606"), which impacted the Companys reported revenue. The Company adopted ASC 606 using the modified retrospective method, which means that the total amount of revenue reported for first quarter 2017 has not been restated in the current financial statements. In the interest of comparability during the transition year to... More
