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Investing.com - G-III Apparel reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
G-III Apparel announced earnings per share of $0.74 on revenue of $605.24M. Analysts polled by Investing.com EPS of $0.4506 on revenue of $596.14M.
G-III Apparel 's are down 32% and is trading at $18.75 , still down 43.86% from its 52 week high of $33.40 set on Thursday, November 18, 2021.
G-III Apparel shares lost 5.49% to trade at $18.75 in intra-day trade the report.
G-III Apparel follows other major Consumer Discretionary sector earnings this month
G-III Apparel's report follows an earnings beat by Home Depot on Tuesday, August 16, 2022, who reported EPS of $5.05 on revenue of $43.79B, EPS of $4.95 on revenue of $43.36B.
Lowe’s had beat expectations on Wednesday, August 17, 2022 with second quarter EPS of $4.67 on revenue of $27.48B, for EPS of $4.58 on revenue of $28.12B.
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