Revenue Update on G-III Apparel Group Ltd.(NASDAQ:GIII)

G-III Apparel Group Ltd.(NASDAQ:GIII) announced the earnings results for Fiscal Year 2017 and Q4. The results came in during Pre-Market on Mar 27, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $603.289M. Analysts estimated a revenue of $622.760M. The revenues were -3.13% below the estimates. Earnings per share were $-0.16. The reported EPS was below estimates by -60%. Analysts had estimated an EPS of $-0.1.

G-III Apparel Group Ltd. (GIII) shares turned negative on Fridays trading session with the shares closing down -0.04 points or -0.17% at a volume of 17,80,711. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $23.28. The peak price level was also seen at $23.28 while the days lowest was $22.41. Finally the shares closed at $22.92. The 52-week high of the shares is $51.81 while the 52-week low is $21.3. According to the latest information available, the market cap of the company is $1,115 M.

Several Insider Transactions has been reported to the SEC. On Apr 18, 2016, Laura H Pomerantz (director) sold 109 shares at $45.39 per share price.Also, On Oct 13, 2015, Sammy Aaron (Vice Chairman) sold 27,159 shares at $64.94 per share price.On Oct 8, 2015, Wayne S Miller (Chief Operating Officer) sold 35,000 shares at $64.76 per share price, according to the Form-4 filing with the securities and exchange commission.

G-III Apparel Group Ltd. designs manufactures and markets a range of apparel products. The Company’s apparel products include outerwear dresses sportswear swimwear women’s suits and women’s performance wear as well as footwear luggage and women’s handbags small leather goods and cold weather accessories. The Company operates through three segments Licensed Products Non-Licensed Products and Retail Operations. The Licensed products segment includes sales of products under brands licensed by the Company from third parties. The Non-licensed products segment includes sales of products under its own brands and under private label brands. The retail operations segment consists primarily of its Wilsons Leather and G.H. Bass stores as well as Calvin Klein Performance stores.

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