Guess Earnings: Here’s Why the Stock is Rising Now
Guess Inc. (NYSE:GES) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 18%.
Guess Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 6.12% to $0.52 in the quarter versus EPS of $0.49 in the year-earlier quarter.
Revenue: Rose 0.57% to $639 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Guess Inc. reported adjusted EPS income of $0.52 per share. By that measure, the company beat the mean analyst estimate of $0.36. It beat the average revenue estimate of $622.87 million.
Quoting Management: Paul Marciano, Chief Executive Officer, commented, “We are pleased to deliver second quarter earnings that exceeded our expectations. The earnings not only reflect the achievement of our revenue expectations for the quarter, but also the benefits of our expense management and cost control efforts.”
Key Stats (on next page)…