=G-III Apparel (GIII) reported earnings on Tue 5 June 2018 (b/o)

G-III Apparel beats by $0.27, beats on revs; guides Q2 EPS above consensus, revs above consensus; raises FY19 guidance 

• Reports Q1 (Apr) earnings of $0.22 per share, excluding non-recurring items, $0.27 better than the Capital IQ Consensus of ($0.05); revenues rose 15.6% year/year to $611.7 mln vs the $570.59 mln Capital IQ Consensus.
• Co issues upside guidancefor Q2, sees EPS of ($0.05) - $0.05, excluding non-recurring items, vs. ($0.12) Capital IQ Consensus Estimate; sees Q2 revs of $590 mln vs. $560.49 mln Capital IQ Consensus Estimate.
• Co issues raised guidancefor FY19, sees EPS of $2.27-2.37 from $1.98-2.08, excluding non-recurring items, vs. $2.06 Capital IQ Consensus Estimate; sees FY19 revs of $2.97 bln from $2.94 bln vs. $2.96 bln Capital IQ Consensus Estimate.