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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GIII at https://www.zacks.com/ap/GIII


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