Oxford Industries Inc. shares were flat after initially falling 7% in after-hours trading Wednesday after the apparel company behind Tommy Bahama and Lilly Pulitzer reported third-quarter earnings. Oxford Industries reported net income of $1.67 million, or 10 cents a share, compared with net income of $1.86 million, or 11 cents in the year-ago period. Revenue inched up 3% to $241.2 million from $233.7 million a year ago. Analysts surveyed by FactSet had expected earnings of 7 cents a share on revenue of $240 million. Oxford Industries shares are up 4.7% this year. The S&P 500 index has gained 25.3% this year.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



More...