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Oxford Industries: Fiscal 2Q Earnings Snapshot

ATLANTA (AP) _ Oxford Industries Inc. (OXM) on Thursday reported a fiscal second-quarter loss of $6.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Atlanta-based company said it had a loss of 37 cents. Losses, adjusted for non-recurring gains, were 38 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 63 cents per share.

The owner of the Tommy Bahama, Lilly Pulitzer and Southern Tide clothing lines posted revenue of $192 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $171.7 million.

Oxford Industries shares have decreased 30% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $52.54, a drop of 23% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OXM at https://www.zacks.com/ap/OXM