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Tuesday, December 5, 2017

=G-III Apparel (GIII) reported earnings on Tue 5 Dec 2017 (b/o)

G-III Apparel beats by $0.13, reports revs in-line; raises FY18 EPS above consensus 
  • Reports Q3 (Oct) earnings of $1.67 per share, excluding non-recurring items, $0.13 better than the Capital IQ Consensus of $1.54; revenues rose 15.9% year/year to $1.02 bln vs the $1.03 bln Capital IQ Consensus.
  • Co issues raised guidancefor FY18, sees EPS of $1.42-1.52 from $1.28-1.38, excluding non-recurring items, vs. $1.35 Capital IQ Consensus Estimate.
  • The Company is now forecasting projected full-year adjusted EBITDA for fiscal 2018 between $188 million and $196 million compared to adjusted EBITDA of $148.1 million in fiscal 2017 and compared to its previous forecast of adjusted EBITDA of between $180 million and $188 million. 

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