Earning Plays

[3xBuBu]

Shares of Oxford Industries Inc. fell Tuesday evening after the apparel company lowered its financial forecasts for the year,
OXM were down 3.6% to $22.05. The company, which makes private- and branded-label products, forecast second-quarter earnings of 31 cents a share to 36 cents a share on revenue of $225 million to $235 million. Analysts surveyed by FactSet Research currently expect earnings of 48 cents a share on sales of $234.6 million.
For the year, Oxford said it expects earnings of $1.90 to $2.05 a share on revenue of roughly $1 billion. It previously forecast earnings of $2.35 a share on revenue of $1.01 billion to $1.06 billion.
"Unfortunately, as our guidance revision reflects, the external environment has become increasingly challenging," J. Hicks Lanier, chief executive of Oxford Industries, said in a statement.
http://www.marketwatch.com/news/story/after-hours-oxford-industries-falls/story.aspx?guid=%7B0FEE52AE-3E0A-4F04-B67F-FA7C3FA63A47%7D&dist=hplatest




My posting is for my own entertainment, do your own DD before pushing your buy/call button