— G-III Apparel Group Ltd. (NASDAQ: GIII) reported its third-quarter 2020 adjusted earnings of $1.99 per share versus $1.94 per share expected.
— Net sales rose by 5% to $1.13 billion versus $1.17 billion expected. The company maintained good momentum in its wholesale business, in spite of the challenging retail and macro environment.
— Looking ahead into fiscal 2020, the company lowered its net sales outlook to about $3.20 billion from the previous estimate of about $3.30 billion. This is compared to the consensus estimates of $3.28 billion.
— The earnings guidance is reduced to the range of $3.01-3.11 per share from the prior range of $3.10-3.20 per share for the full year.
— The adjusted earnings forecast is cut to the range of $3.06-3.16 from the previous range of $3.15-3.25 per share for fiscal 2020. This is compared to the analysts’ expectations of $3.16 per share.
— The company projects fiscal 2020 adjusted EBITDA in the range of $283-288 million compared to adjusted EBITDA of $269.4 million in fiscal 2019.
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and
