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Oxford Industries: Fiscal 2Q Earnings Snapshot

ATLANTA (AP) _ Oxford Industries Inc. (OXM) on Wednesday reported fiscal second-quarter earnings of $29.8 million.

On a per-share basis, the Atlanta-based company said it had net income of $1.76. Earnings, adjusted for non-recurring costs, came to $1.84 per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.86 per share.

The owner of the Tommy Bahama, Lilly Pulitzer and Southern Tide clothing lines posted revenue of $302 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $308 million.

For the current quarter ending in November, Oxford Industries expects its per-share earnings to range from 1 cent to 11 cents.

The company said it expects revenue in the range of $235 million to $245 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $239.3 million.

Oxford Industries expects full-year earnings in the range of $4.25 to $4.45 per share, with revenue ranging from $1.14 billion to $1.16 billion.

Oxford Industries shares have increased 12% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $79.50, a fall of 13% in the last 12 months.

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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