U.S. Markets open in 52 mins

Oxford Industries: Fiscal 3Q Earnings Snapshot

ATLANTA (AP) _ Oxford Industries Inc. (OXM) on Wednesday reported fiscal third-quarter net income of $1.9 million.

The Atlanta-based company said it had profit of 11 cents per share. Earnings, adjusted for amortization costs, came to 14 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The owner of the Tommy Bahama, Lilly Pulitzer and Southern Tide clothing lines posted revenue of $233.7 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $243.3 million.

For the current quarter ending in January, Oxford Industries expects its per-share earnings to range from 96 cents to $1.11. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.33.

The company said it expects revenue in the range of $297 million to $307 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $315.8 million.

Oxford Industries expects full-year earnings in the range of $4.20 to $4.35 per share, with revenue ranging from $1.11 billion to $1.12 billion.

Oxford Industries shares have decreased slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $74.82, a rise of roughly 7 percent 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