Guess? Inc. Routed After Q4 Miss

Guess? Inc

shares are trading lower by a $2.80 at $18.52 in Thursday's session. After the close on Wednesday the company reported Q4 miss of a penny with a slight beat for revenues. What is spooking the Street is the sharply lower guidance for FY2017 ($0.65-$0.85) vs. Est. $1.05. After a lower open, it managed a brief rally to $18.85 before continuing lower. It found support just under its February 16 low 9$17.91 and it managed to climb back and stabilize at the $18.50 area.