G-III Apparel stock soars after a big earnings beat, license deal to produce Champion outerwear

Shares of G-III Apparel Group Ltd.

shot up 14.8% toward a 13-month high in premarket trading Thursday, after the fashion apparel and accessories company, with brands including DKNY, Karl Lagerfeld and Wilsons Leather, reported a big fiscal second-quarter earnings beat. The company also announced a license agreement with Hanesbrands Inc. HBI, -0.20% to produce an outerwear collection for the Champion Brand. G-III reported net income for the quarter to July 31 that fell to $16.4 million, or 35 cents a share, from $36.

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Stock market today: European shares lower after mixed Asian trading as China property shares soarShares opened mostly lower in Europe and Asian shares were mixed as Chinese stocks were lifted by hopes for further support for the country's faltering property market.
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Stock market today: European shares lower after mixed Asian trading as China property shares soarShares opened mostly lower in Europe and Asian shares were mixed as Chinese stocks were lifted by hopes for further support for the country's faltering property market.
Fonte: wjxt4 - 🏆 246. / 63 Consulte Mais informação »