G-III Apparel: Fiscal 3Q Earnings Snapshot
NEW YORK (AP) _ G-III Apparel Group Ltd. (GIII) on Wednesday reported fiscal third-quarter net income of $95.4 million.
The New York-based company said it had profit of $1.97 per share. Earnings, adjusted for non-recurring costs, came to $1.99 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.95 per share.
The clothing and accessories maker posted revenue of $1.13 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $1.17 billion.
G-III Apparel expects full-year earnings in the range of $3.06 to $3.16 per share, with revenue expected to be $3.2 billion.
G-III Apparel shares have increased 2% since the beginning of the year. The stock has declined 35% 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