Guess: Fiscal 3Q Earnings Snapshot
LOS ANGELES (AP) _ Guess Inc. (GES) on Tuesday reported fiscal third-quarter net income of $12.4 million, after reporting a loss in the same period a year earlier.
The Los Angeles-based company said it had net income of 18 cents per share. Earnings, adjusted for one-time gains and costs, came to 22 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The clothing company posted revenue of $615.9 million in the period.
For the current quarter ending in January, Guess expects its per-share earnings to range from $1.07 to $1.12.
The company expects full-year earnings in the range of $1.31 to $1.36 per share.
Guess shares have decreased 8% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $19.08, a drop of 11% in the last 12 months.