G-III (GIII) Slashes FY12 EPS Outlook, Affirms Sales Guidance

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G-III (Nasdaq: GIII) slashes its FY12 EPS guidance from $3.05-$3.15 to $2.50-$2.60, which compares to the current Street estimate of $2.80. Affirms sales guidance of about $1.25 billion.

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