G-III Apparel Group shares are trading lower following mixed Q4 financial results. The company also issued lower-than-expected revenue and EPS guidance for FY25.
Portfolio Pulse from Benzinga Newsdesk
G-III Apparel Group's shares dropped due to mixed Q4 financial results and the company's projection of lower-than-expected revenue and EPS for FY25.
March 14, 2024 | 12:58 pm
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G-III Apparel Group's stock price is likely to experience short-term pressure due to mixed Q4 results and lower-than-expected FY25 guidance.
Stock prices often react negatively to earnings reports that fail to meet expectations. G-III Apparel Group's announcement of mixed Q4 financial results combined with a forecast of lower-than-expected revenue and EPS for FY25 directly impacts investor sentiment and could lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100