Why Oxford Industries Shares Popped 16.7% Today
Shares of Oxford Industries (NYSE: OXM) jumped as much as 16.7% in trading on Thursday after announcing first-quarter fiscal 2021 results. Shares fell off early highs slightly but were up 9.8% at 2:10 p.m. EDT.
Revenue jumped 66% versus a year ago to $265.8 million, and the company swung from a net loss of $66.8 million to a profit of $28.5 million. Sales jumped across the product lineup, but for context, the company is still below the $282.0 million in revenue generated in the first quarter of 2019.
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Source Fool.com
