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Stock Market & Financial Investment News

News Breaks
March 25, 2014
10:27 EDTGIII, GES, PVHG-III Apparel sinks after earnings forecast misses expectations
Shares of clothing maker and retailer G-III Apparel (GIII) are sinking after the company issued first quarter and FY15 guidance below analysts' consensus expectation. WHAT'S NEW: G-III Apparel reported fourth quarter earnings per share of 62c, which was above analysts' consensus of 49c. The company reported fourth quarter revenue of $472.8M, missing analysts' consensus forecast of $489.93M. The company said that it sees first quarter loss per share to be in the range of 10c to 20c while analysts were estimating a gain of 4c. G-III Apparel expects first quarter net revenues of approximately $346M, slightly above analysts' consensus of $345.63M. The company noted that its first quarter results will be negatively affected by its G.H. Bass & Co. acquisition. G-III Apparel project FY15 earnings per share in the range of $3.95-$4.10, which falls below analysts' consensus of $4.30. The company projects FY15 net sales of approximately $2.05B, trailing analysts' estimates of $2.1B. WHAT'S NOTABLE: During the company's fourth quarter earnings conference call, G-III Apparel said it will continue to look for acquisitions and feels that it is on the right path to continue to deliver value. PRICE ACTION: During morning trading, shares of G-III Apparel fell $3.51 or 4.71% to $70.95. OTHERS TO WATCH: Rival apparel makers include Guess (GES), and PVH Corp. (PVH).
News For GIII;PVH;GES From The Last 14 Days
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February 2, 2016
16:19 EDTPVHPVH Corp. to acquire remaining 55% interest in Tommy Hilfiger China JV
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07:25 EDTPVHPVH Corp.has compelling risk/reward over time, says Brean Capital
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February 1, 2016
19:09 EDTPVHOn The Fly: After Hours Movers
UP AFTER EARNINGS: Alphabet (GOOG, GOOGL), up 5.2% and 4.7%, respectively... Mattel (MAT), up 5.6%... Anadarko Petroleum (APC), up 4%... AFLAC (AFL), up 1.5%. ALSO HIGHER: PVH Corp. (PVH), up 8.1% after giving guidance for fiscal 2015 and entering a license agreement with G-III Apparel (GIII) for Tommy Hilfiger womenswear collections. DOWN AFTER EARNINGS: Integrated Device (IDTI), down 15.8%... Rent-A-Center (RCII), down 9.6%. ALSO LOWER: Pixelworks (PXLW), down 5.7% after giving fourth quarter guidance and announcing the resignation of its CEO... PDL BioPharma (PDLI), down 14.3% after cutting its quarterly dividend to 5c per share from 15c per share.
16:23 EDTPVHPVH Corp. sees 2015 earnings at high end of guidance range
PVH Corp. announced that it currently expects its earnings per share on a non-GAAP basis for 2015 to be at or above $7.00, the high end of its guidance range previously announced on December 2, 2015. The consensus estimate is $6.97. The company said, "Our improved outlook for our earnings per share projection reflects the power of our designer lifestyle brands, Calvin Klein and Tommy Hilfiger, which enabled us to successfully navigate through the difficult macroeconomic environment, particularly the continued headwinds across our businesses resulting from the strengthening U.S. dollar. Specifically, during the fourth quarter, we experienced continued strength in our global Calvin Klein business and Tommy Hilfiger International business. We were able to post stronger results despite a difficult U.S. retail environment, which was negatively impacted by unseasonably warm weather and decreased international tourist traffic and spending, particularly for our Tommy Hilfiger brand."
16:21 EDTPVHPVH Corp. sees 2015 earnings at high end of guidance range
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16:17 EDTPVH, GIIIPVH, G-III Apparel announce license agreement for Tommy Hilfiger womenswear
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12:48 EDTPVHOptions with increasing call volume
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12:27 EDTPVHOptions with increasing put volume
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January 29, 2016
11:54 EDTGESGuess to implement program to eliminate angora fiber
The company noted, "During 2015, while developing our sustainability practices and publishing our first sustainability report, GUESS evaluated our practices related to the use of angora fibers. As a result of this process, GUESS is implementing a program to eliminate angora fiber from our future collections available in retail stores worldwide." GUESS CEO, Victor Herrero stated, "While in the past, GUESS has worked to ensure the minimal amount of angora used was ethically sourced, we feel the decision to eliminate angora moving forward is just the right thing to do."
10:05 EDTGESGuess says angora fiber 'should not be used' in production of any product
Guess?, Inc. announces that during 2015, while developing our sustainability practices and publishing its first sustainability report, it evaluated our policy related to the use of angora fiber. The company comments: "Effective immediately, angora fiber should not be used in the production of any product going forward or contained in any private label products. This pertains to promotional items as well."

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