Why G-III Apparel Stock Was Climbing Today

G-III also announced a new long-term license for the Halston brand, signing an agreement with owner Xcel Brands. Selling, general, and administrative expenses were up substantially and its adjusted per-share profit fell from $0.72 to $0.13, but that still easily beat estimates for a per-share loss of $0.10. It expects $3.29 billion in revenue, up 2% from a year ago, and it sees adjusted earnings per share between $2.80 and $2.90, which compares to last year's total of $2.85.