G-III Apparel Group Ltd (GIII) reported a profit drop in the third quarter, with earnings of $80.59 million or $1.84 per share, down from $114.77 million or $2.55 per share last year. Adjusted earnings were $83.41 million or $1.90 per share. Revenue also fell by 9.0% to $988.65 million from $1.086 billion. The company’s full-year guidance includes EPS of $2.80 – $2.90 and revenue of $2.98 billion.

Read more at Nasdaq: G-III APPAREL GROUP LTD Bottom Line Drops In Q3