G-III Apparel Analysts Slash Their Forecasts After Q1 Results

G-III Apparel Group, LTD. GIII posted better-than-expected earnings for its first quarter on Friday.The company reported first-quarter adjusted earnings per share of 19 cents, beating the analyst consensus estimate of 12 cents. Quarterly sales of $583.61 million (down 4% year over year), outpacing the Street view of$ 580.37 million."Our performance was fueled by double-digit growth of our key owned brands, DKNY, Karl Lagerfeld and Donna Karan, which largely offset the exit of the Calvin Klein jeans and spor ...