G-III Apparel’s stock plunges 13% despite Q3 earnings beat

G-III Apparel Group Ltd. (GIII) reported better-than-expected earnings for the third quarter of 2019 but revenues came in shy of estimates. Shares plunged 13.7% in morning trade on Thursday. Net sales grew 4.7% to $1.07 billion from the same period last year. Net income improved to $94 million, or $1.86 per share, from $81.6 million, … Continue reading G-III Apparel’s stock plunges 13% despite Q3 earnings beat