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Lifetime Brands net income nearly $6 million

Lifetime Brands Inc. on Thursday reported third-quarter earnings of $5.9 million.

The Garden City-based company said it had net income of 29 cents per share. Earnings, adjusted for one-time gains and costs, were 40 cents per share.

The kitchen products company posted revenue of $209.4 million in the period.

Lifetime Brands expects full-year revenue in the range of $728 million to $735 million.

Lifetime Brands shares have declined 40 percent since the beginning of the year. The stock has decreased 41 percent in the last 12 months.


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