By  on March 25, 2014

Shares of G-III Apparel Group Ltd. fell 8 percent, to $68.51, as Nasdaq trading opened Tuesday after the company reported better-than-expected fourth-quarter profits but provided guidance that fell below analysts’ estimates.

For the three months ended Jan. 31, the New York-based marketer of outerwear and sportswear registered net income of $13.1 million, or 62 cents a diluted share, 61.8 percent above the $8.1 million, or 40 cents, logged during the final quarter of 2012.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus