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G-III Apparel Group (NASDAQ: GIII) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.40 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 85.71%. A quarter ago, it was expected that this clothing and accessories maker would post a loss of $0.05 per share when it actually produced earnings of $0.12, delivering a surprise of 340%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. G-III Apparel, which belongs to the Zacks Textile - Apparel industry, posted revenues of $644.76 million for the quarter ended July 2024, missing the Zacks Consensus Estimate by 0.84%. This compares to year-ago revenues of $659.76 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. G-III Apparel shares have ...


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