G-III Apparel: Fiscal Q4 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — G-III Apparel Group Ltd. (GIII) on Thursday reported fiscal fourth-quarter net income of $28.9 million.

The New York-based company said it had profit of 61 cents per share. Earnings, adjusted for one-time gains and costs, came to 76 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.

The clothing and accessories maker posted revenue of $764.8 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $817.4 million.

For the year, the company reported profit of $176.2 million, or $3.75 per share. Revenue was reported as $3.1 billion.

For the current quarter ending in April, G-III Apparel said it expects revenue in the range of $615 million.

The company expects full-year earnings in the range of $3.50 to $3.60 per share, with revenue expected to be $3.2 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GIII at https://www.zacks.com/ap/GIII