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Oxford Industries Inc Q1 adjusted earnings Beat Estimates

Oxford Industries Inc (OXM) announced a profit for its first quarter that advanced from last year.

The company's profit came in at $20.57 million, or $1.23 per share. This compares with $17.20 million, or $1.03 per share, in last year's first quarter.

Excluding items, Oxford Industries Inc reported adjusted earnings of $21.4 million or $1.28 per share for the period.

Analysts had expected the company to earn $1.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.1% to $272.63 million from $272.36 million last year.

Oxford Industries Inc earnings at a glance:

-Earnings (Q1): $21.4 Mln. vs. $18.7 Mln. last year.
-EPS (Q1): $1.28 vs. $1.12 last year.
-Analysts Estimate: $1.23
-Revenue (Q1): $272.63 Mln vs. $272.36 Mln last year.

-Guidance:
Next quarter EPS guidance: $1.75 - $1.85
Next quarter revenue guidance: $300 - $310 Mln
Full year EPS guidance: $4.45 - $4.65
Full year revenue guidance: $1.125 - $1.145 Bln

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

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