Why G-III Apparel Stock Jumped Today
Shares of G-III Apparel (NASDAQ: GIII) were moving higher today after the apparel brand licensing company trounced analyst estimates in its second-quarter earnings report.
As of 12:21 p.m. ET, the stock was up 18.7%.
In a challenging environment in the apparel industry, G-III posted 9% revenue growth to $659.8 million, easily beating the analyst consensus at $592.3 million.
Source Fool.com
