G-III Apparel: Fiscal 4Q Earnings Snapshot
NEW YORK (AP) _ G-III Apparel Group Ltd. (GIII) on Thursday reported fiscal fourth-quarter net income of $25.3 million.
The New York-based company said it had net income of 52 cents per share. Earnings, adjusted for one-time gains and costs, came to 75 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.
The clothing and accessories maker posted revenue of $754.6 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $791.8 million.
For the year, the company reported profit of $143.8 million, or $2.94 per share. Revenue was reported as $3.16 billion.
The company’s shares closed at $4.50. A year ago, they were trading at $35.74.