Strategist: Guess To Move 8.25% In Post-Earnings Action

Guess?, Inc. GES is expected to move 8.25 percent following its earnings after the bell Tuesday, TD Ameritrade's Chief Strategist JJ Kinahan told Benzinga. Guess gained nearly 6 percent on Tuesday, trading recently at $18.61. Wall Street expects the apparel retailer will post a loss of $0.05 a share on revenue of $483.8 million. Guess has predicted a first quarter loss of between $0.06 and $0.03 a share while revenue, hurt by a strong dollar, will fall between 9 and 7 percent. "Their volatility is on the higher range so far today," Kinahan said, noting "some buyers of the September 18 puts" and both buyers and sellers of June 18 puts. Guess, whose shares are down nearly 13 percent year-to-date, has beaten expectations by double-digit margins in each of the past two quarters.