Shares of G-III Apparel Group Ltd. rose 13.3 percent earlier this week after the company posted double-digit percent gains in net income and sales for the third quarter.
The company said net income for the three months ended Oct. 31 rose 23.4 percent to $59.6 million, or $2.85 a diluted share, from $48.3 million, or $2.37, a year ago. Excluding one-time charges in both quarters, earnings were $2.88 a share versus $2.43 last year. Wall Street’s consensus estimate was $2.61. Net sales rose 23 percent to $668.7 million, compared with $543.5 million a year ago.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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