UPDATE 1-Prestige Brands Q3 profit beats Street view

* Q3 EPS from cont ops $0.21 vs est $0.19

* Q3 rev $75.4 mln vs year-ago $78 mln

* Q3 operating expenses fall 27 pct

Feb 5 (BestGrowthStock) – Prestige Brands Holdings Inc (PBH.N: )
posted a better-than-expected quarterly profit, helped mainly
by lower advertising and promotional expenses.

In October last year, the healthcare, personal care and
household product maker divested its Denorex, Prell and Zincon
shampoo brands.

The company said net income from continuing operations for
the third quarter was $10.3 million, or 21 cents a share,
compared with $7.7 million, or 15 cents a share, a year ago.

Revenue from continuing operations fell 3 percent to $75.4
million.

Analysts on average were expecting earnings of 19 cents per
share and revenue of $78.6 million, according to Thomson
Reuters I/B/E/S.

Total operating expenses fell 27 percent to $16.1 million,
while advertising and promotion expenses plunged 46 percent.

Shares of Irvington, New York-based Prestige Brands closed
at $7.52 Thursday on the New York Stock Exchange.

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(Reporting by Shobhana Chadha in Bangalore; Editing by Maju
Samuel)

UPDATE 1-Prestige Brands Q3 profit beats Street view