You are being directed to ZacksTrade, a division of Zacks & Company and licensed broker-dealer. ZacksTrade and Zacks.com are separate but affiliated companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
|No Recent Quote currently available|
My Portfolio Tracker
One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today.
Dec 19, 2012 (Datamonitor via COMTEX) -- G-III Apparel Group, Ltd. has reported a net income attributable to the company of $48.29 million, or $2.37 per diluted share, for the third quarter ended October 31, 2012, compared to $43.55 million, or $2.16 per diluted share, for the same quarter ended October 31, 2011. For fiscal 2013, the company expects EPS between $2.71 and $2.81 per diluted share.
Net sales for the third quarter ended October 31, 2012 were $543.51 million, compared to $510.01 million, for the same quarter ended October 31, 2011.
Net income attributable to the company for the nine months ended October 31, 2012 was $48.80 million, or $2.40 per diluted share, compared to $44.60 million, or $2.21 per diluted share, for the same period ended October 31, 2011.
Net sales for the nine months ended October 31, 2012 were $1.02 billion, compared to $936.85 million, for the same period ended October 31, 2011.
Morris Goldfarb, G-III's Chairman and CEO, said, "We are very pleased to have reported a strong quarter. Even though the hurricane in New York caused an interruption of shipping during our peak days this quarter, we were still able to exceed our earnings targets as a result of realizing higher gross margins. We remain confident in our ability to achieve our forecasts for the year."
Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon
Copyright (C) 2012 Datamonitor. All rights reserved
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Copyright 2014 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.