G-III Apparel Group Q2 Adjusted EPS $0.40 Beats $0.01 Estimate, Sales $659.76M Beat $592.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
G-III Apparel Group reported Q2 earnings of $0.40 per share, beating the analyst consensus estimate of $0.01 by 3900 percent. This is a 2.56 percent increase over earnings of $0.39 per share from the same period last year. The company also reported quarterly sales of $659.76 million, beating the analyst consensus estimate of $592.32 million by 11.39 percent, a 9.01 percent increase over sales of $605.24 million the same period last year.
September 07, 2023 | 11:03 am
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POSITIVE IMPACT
G-III Apparel Group's Q2 earnings and sales significantly beat analyst estimates, indicating strong performance.
G-III Apparel Group's Q2 earnings and sales have significantly exceeded analyst estimates, which is a strong positive signal for the company's performance. This could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100