G-III APPAREL GROUP LTD (GIII) released a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $7.759 million, or $0.17 per share. This compares with $5.802 million, or $0.12 per share, last year.
Excluding items, G-III APPAREL GROUP LTD reported adjusted earnings of $8.421 million or $0.19 per share for the period.
Analysts on average had expected the company to earn $0.13 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 4.3% to $583.609 million from $609.747 million last year.
G-III APPAREL GROUP LTD earnings at a glance (GAAP) :
-Earnings: $7.759 Mln. vs. $5.802 Mln. last year.-EPS: $0.17 vs. $0.12 last year.-Revenue: $583.609 Mln vs. $609.747 Mln last year.
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