Skip to main content

Market Overview

G-III Apparel Reports Mixed Q3 Earnings, Stock Falls

Share:
G-III Apparel Reports Mixed Q3 Earnings, Stock Falls

G-III Apparel Group (NASDAQ: GIII) reported third-quarter earnings of $1.99 per share on Wednesday, which beat the analyst consensus estimate of $1.94 by 2.58%. This is a 5.85% increase over earnings of $1.88 per share from the same period last year.

The company reported quarterly sales of $1.13 billion, which missed the analyst consensus estimate of $1.17 billion by 3.42%. This is a 5.31% increase over sales of $1.073 billion the same period last year.

See Also: 26 Stocks Moving in Wednesday's Pre-Market Session

The company sees fiscal year 2020 EPS $3.06-$3.16 versus the $3.16 estimate and sales at about $3.20 billion versus the $3.28 billion.

G-III Apparel Group shares were trading down 5.6% at $26.89 in Wednesday’s pre-market session.

 

Related Articles (GIII)

View Comments and Join the Discussion!

Posted-In: Earnings News Guidance

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com