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G-III Apparel Group (GIII) Has Jumped To A New High On Strong Q3 Earnings

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 gapped open higher this morning and has continued to rise in early trade. Shares are now up 4.84 at $34.98 on above average volume. The stock has surged to a new high for the year.

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