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Oxford Industries Inc. (OXM) Dropped To A 3-Month Low After Q3 Miss

Oxford Industries Inc. (OXM) reported third quarter adjusted earnings from continuing operations of $0.19 per share Wednesday morning, compared to $0.16 per share last year. The consensus estimate was for EPS of $0.21. The company expects to report fourth quarter adjusted EPS of $0.64 to $0.74 and between $2.60 and $2.70 for the full year. The consensus estimates are for EPS of $0.93 and $2.92.

Oxford Industries gapped open sharply lower Wednesday, but traded in a range for the majority of the session. Shares finished down by 4.25 at $48.53 on the highest volume of the year. The stock dropped to a 3-month low and fell below its 200-day moving average.

by RTTNews Staff Writer

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