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Stock impact report

Why Is Oxford Industries (OXM) Stock Rocketing Higher Today [Yahoo! Finance]

Oxford Industries, Inc. (OXM) 
Last oxford industries, inc. earnings: 3/26 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
session after the company reported better-than-expected second-quarter earnings and maintained its full-year financial outlook. The owner of brands like Tommy Bahama and Lilly Pulitzer posted adjusted earnings of $1.26 per share, surpassing analyst estimates. This result came despite a year-over-year decline from $2.77 per share in the same period last year. Quarterly revenue fell 4% to $403.1 million, narrowly missing expectations. While revenue missed and profit margins were pressured, investors were encouraged that the earnings beat forecasts and that the company held its full-year guidance steady. Oxford Industries continues to expect full-year net sales between $1.475 billion and $1.515 billion, with adjusted earnings per share forecasted in the range of $2.80 to $3.20. The market's positive reaction reflects relief that the performance and outlook were not worse amid challenging conditions. Is now the time to buy Oxford Industries? Access our full analysis report here, it's Show less Read more
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