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.

Bolstered by the acquisition of G.H. Bass from PVH Corp., revenues were up 26 percent to $472.8 million from $375.3 million in the prior-year period. Gross margin rose to 35.2 percent of sales from 31.4 percent in the 2012 quarter.


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