Guess: Fiscal 2Q Earnings Snapshot
LOS ANGELES (AP) _ Guess Inc. (GES) on Wednesday reported fiscal second-quarter net income of $25.3 million.
The Los Angeles-based company said it had net income of 35 cents per share. Earnings, adjusted for one-time gains and costs, were 38 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The clothing company posted revenue of $683.2 million in the period.
For the current quarter ending in November, Guess expects its per-share earnings to range from 15 cents to 18 cents.
The company expects full-year earnings in the range of $1.28 to $1.36 per share.
Guess shares have dropped 28% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.04, a decline of 35% in the last 12 months.