Oxford Industries Inc. (OXM: Quote) reported second quarter adjusted income from continuing operations of $0.65 per share after the close Wednesday, up from $0.57 per share last year. The consensus estimate was for EPS of $0.63. The company expects to report third quarter adjusted EPS of $0.18 to $0.23 and between $2.85 and $2.95 for the full year. The consensus estimates are for EPS of $0.24 and $2.90.
Oxford Industries gapped open lower Thursday, but climbed throughout the first half of the morning. Shares advanced further around mid-afternoon and finished up by 1.18 at $53.85, with volume at over an 11-month high. The stock has been rising for nearly a month and set a new high for the year.
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by RTT Staff Writer
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