Oxford Industries Q3 Adj EPS $1.01 Beats $0.95 Estimate, Sales $326.63M Beat $324.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oxford Industries (NYSE:OXM) reported Q3 adjusted earnings of $1.01 per share, surpassing the consensus estimate of $0.95, and sales of $326.63M, slightly above the estimate of $324.65M. However, earnings per share decreased by 30.82% compared to the same quarter last year, while sales saw a 4.34% increase from the previous year.
December 06, 2023 | 9:22 pm
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Oxford Industries reported higher-than-expected Q3 earnings and sales, but experienced a significant decrease in EPS compared to last year.
While the company beat estimates for both earnings and sales, the substantial year-over-year decline in EPS may concern investors about the company's growth trajectory. The mixed results could lead to neutral short-term stock price movement as the market digests both the positive and negative aspects of the report.
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RELEVANCE 100