G-III Apparel: Fiscal 3Q Earnings Snapshot
NEW YORK (AP) _ G-III Apparel Group Ltd. (GIII) on Thursday reported fiscal third-quarter profit of $94 million.
The New York-based company said it had profit of $1.86 per share. Earnings, adjusted for one-time gains and costs, were $1.88 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share.
The clothing and accessories maker posted revenue of $1.07 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $1.08 billion.
G-III Apparel expects full-year earnings in the range of $2.67 to $2.77 per share, with revenue expected to be $3.08 billion.
G-III Apparel shares have climbed 10 percent since the beginning of the year. The stock has increased 19 percent in the last 12 months.