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Actionable news in OXM: OXFORD INDUSTRIES Inc,

Oxford Industries swings to quarterly profit

Apparel company Oxford Industries Inc. swung to a profit in the latest quarter, propelled by strong sales from its Tommy Bahama line.

Shares, down 26% over the past 12 months, rose 9% to $68 in after-hours trading, boosted by the better-than-expected results and strong guidance for the current quarter.

For the current quarter, the company expects sales in the range of $220 million to $230 million, compared with the $219 million expected by analysts surveyed by Thomson Reuters. The company also forecast adjusted per-share results for the quarter to land between a loss...