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Wednesday, December 7, 2011

Stock Alert - G-III Apparel (GIII) soars 14.2% AH

G-III Apparel (GIII) soars 14.2% AH trading after reporting FQ3 revenue of $510M (+13% Y/Y) and EPS of $2.16, beating consensus by $12.5M and $0.02. G-III's guidance for FY12 (ends Jan. 31) is mixed: revenue of $1.25B is slightly above Street forecasts, but EPS of $2.50-$2.60 falls below a $2.80 consensus.

Technical side stock has some resistance area is $25.31 and support level is $20.36.

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