Recap: Guess Q2 Earnings


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Shares of Guess (NYSE:GES) rose 7% in pre-market trading after the company reported Q2 results.

Quarterly Results

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Earnings per share were down 102.63% over the past year to ($0.01), which beat the estimate of ($0.57).

Revenue of $398,539,000 decreased by 41.67% from the same period last year, which beat the estimate of $384,820,000.

Looking Ahead

Guess hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details


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Technicals

52-week high: $23.58

52-week low: $3.64

Price action over last quarter: Up 38.89%

Company Profile

Guess? Inc designs, markets distributes, and licenses contemporary apparel and accessories that reflect European fashion sensibilities under brands including Guess, Marciano, and G by Guess. Apparel is sold both through wholesale accounts and retail storefronts with nearly 1,700 stores and concessions, operated directly and through licensees. The company has five reportable segments namely Americas Retail, Americas Wholesale, Europe, Asia and licensing.


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: EarningsNews