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Yahoo Finance Plus Recap: Jerash Holdings Q2 Earnings
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- JRSH
Shares of Jerash Holdings (US) (NASDAQ:JRSH) remained unaffected after the company reported Q2 results.
Quarterly Results
Earnings per share decreased 25.81% year over year to $0.23, which beat the estimate of $0.15.
Revenue of $27,086,000 declined by 11.52% year over year, which beat the estimate of $25,200,000.
Outlook
The upcoming fiscal year's revenue expected to be between $85,000,000 and $85,000,000.
Details Of The Call
Date: Nov 12, 2020
Time: 09:00 AM
ET Webcast URL: https://irdirect.net/JRSH/corporate_document/2128
Technicals
Company's 52-week high was at $7.14
52-week low: $3.60
Price action over last quarter: Up 11.56%
Company Description
Jerash Holdings (US) Inc along with its subsidiaries is a manufacturer and exporter of customized, ready-made sport and outerwear from knitted fabric from its production facilities in Jordan. The company manufactures for retailers namely Walmart, Costco, Sears, Hanes, Columbia, Land's End, VF Corporation, Philip-Van Heusen which owns brands such as The North Face, Nautica, Timberland, Wrangler, Lee, Jansport, Calvin Klein, Tommy Hilfiger, IZOD, Speedo etc. It derives its revenue from the manufacturing and sales of outerwear in the United States. The company's product offering consists of jackets, polo shirts, crew neck shirts, pants and shorts made from knitted fabric.
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