March 18, 2015 4:41 PM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Shares of Guess?, Inc. (NYSE: GES) jumped over 10 percent in after-hours trading after the company reported stronger-than-expected earnings for its fourth quarter.The Los Angeles, California-based company posted quarterly earnings of $53.9 million, or $0.63 per share, compared to $69.3 million, or $0.82 per share, in the year-ago period.Its total net revenue dropped 9.3 percent to $696.7 million from $768.4 million, while revenue in constant currency fell 4.1 percent. However, analysts were expecting a profit of $0.57 per share on revenue of $704.59 million.North American retail revenue slipped 4 percent in the quarter, while European revenue declined 16.1 percent to $240.9 million. Asian revenue fell 9.1 percent to $75.4 million. North American wholesale revenue slipped 10.2 percent to $36.6 million, while licensing segment net revenue dropped 5.8 percent to $26.8 million in the fourth quarter.Paul Marciano, Chief Executive Officer said, "Turning to the outlook for fiscal year 2016, currencies will definitely be a headwind if they stay at current levels. But, as always, we will remain focused on what we can control, like our North America real estate realignment, providing a unique customer experience within our stores, and tightly managing our costs and inventory levels. We will continue investing in our omni-channel strategy globally and expect it to be a growth vehicle for fiscal 2016."Guess? expects Q1 loss of $0.06 to $0.03 per share. Analysts had projected a loss of $0.03 per share. The company projects FY earnings of $0.75 to $0.95 per share, versus analysts' estimates of $1.04 per share.Guess? shares climbed 10.51 percent to $18.50 in the after-hours trading session.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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