G-III Apparel Group (GIII) Jumped To A 3-Week High After Guidance Increase

G-III Apparel Group (GIII) reported a first quarter adjusted loss of $0.18 per share Tuesday morning, compared to a profit of $0.06 per share last year. Analysts expected a loss of $0.40 per share. The company also increased its full year 2018 EPS forecast to between $1.04 and $1.14, from prior expectations of $0.80 to $0.90.

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