=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.