The Boston Globe

Business

Elizabeth Arden stock soars as profit forecast tops estimates

Ah, the sweet smell of success. Elizabeth Arden, maker of the Britney Spears and Elizabeth Taylor fragrances, rose the most in nearly a year after forecasting that annual profit, excluding some items, will be $2.55 to $2.70 a share, compared to the analysts’ average estimate of $2.41 a share. Revenue will increase as much as 15 percent; analysts have projected 4.9 percent.