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G-III Apparel Group (GIII) Climbed To A New High After Strong Q3 Report

G-III Apparel Group (GIII) reported third quarter non-GAAP EPS of $1.67 Tuesday morning, up from $1.50 a year ago. Analysts expected EPS of $1.54. The company also increased its full year non-GAAP EPS forecast to between $1.42 and $1.52, from prior expectations of $1.28 to $1.38. The consensus estimate is for EPS of $1.35.

G-III Apparel Group gapped up sharply Tuesday and jumped in the first half hour of trade, before settling into a range. Shares finished with a gain of 4.16 at $34.30 on strong volume. The stock leaped to a new high for the year.

by RTT Staff Writer

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