** Donna Karan parent G-III Apparel's shares down 2.79% at $30.77 premarket
** Co forecasts annual sales of $3.15 billion, below expectations and prior guidance of $3.20 billion owing to cautious consumer spending and impact from unseasonable weather
** Co posts Q3 net sales increase of 1.8% to $1.09 billion from a year ago, however missing estimates of $1.10 billion, according to data compiled by LSEG
** However, co raises annual net income forecast in the range of $185 million to $190 million from prior $179 million to $184 million
** G-III CEO, Morris Goldfarb says over 30% organic growth of brands DKNY, Karl Lagerfeld, Donna Karan and Vilebrequin drove quarterly earnings
** Co reports adjusted Q3 EPS per diluted share of $2.59, beating estimates of $2.27
** YTD stock down 7% as of last close
(Reporting by Aamir Sohail in Bengaluru)
((Aamir.Sohail@thomsonreuters.com;))
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