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Why G-III Apparel Stock Jumped Today

TheMotleyFool

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Shares of G-III Apparel (NASDAQ: GIII) were moving higher today after the apparel brand licensing company trounced analyst estimates in its second-quarter earnings report.

As of 12:21 p.m. ET, the stock was up 18.7%.

In a challenging environment in the apparel industry, G-III posted 9% revenue growth to $659.8 million, easily beating the analyst consensus at $592.3 million.

Source Fool.com

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