Oxford Industries jumps on upbeat Q4 and 2022 forecast

Oxford Industries

24/03/2022 13:12

** Shares of branded apparel maker  OXM.N  rise as much as
6.3% to $87.84 premarket, on track to snap a three-day losing
streak, after Q4 results top estimates 
    ** OXM beats analysts' expectations for revenue and profit
for four consecutive quarters  urn:newsml:reuters.com:*:nGNX9Q162D
    ** Co sees fiscal 2022 net sales of between $1.25 bln and
$1.29 bln, well above analysts' expectations of $1.19 bln 
    ** OXM forecasts adj. EPS for fiscal 2022 of between $8.75
and $9.15, surpassing analysts' estimates of $8.20/shr
    ** Up to Wednesday's close, OXM down ~19% YTD 

 (Reporting by Bhanvi Satija in Bengaluru)
 ((Bhanvi.Satija@thomsonreuters.com; Outside U.S. +91
9873062788;))