Calvin Klein parent G-III Apparel's shares soar as profit blows past estimates
G-III Apparel Group Ltd.'s shares GIII, -1.04% soared 8% in premarket trade Thursday, after the company blew past profit estimates for its fiscal fourth quarter and offered stronger-than-expected guidance for fiscal 2020. The owners of brands including Donna Karan, Calvin Klein, Tommy Hilfiger and Karl Lagerfeld said it had net income of $24.1 million, or 48 cents a share, after a loss of $500,000, or 1 cent a share, in the year-earlier period.
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