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After the close on Wednesday, Guess?, Inc. (NYSE: GES) reported Q2 adjusted EPS of $0.14 compared with expectations of $0.07. Sales were $545.00 million versus $550.53 million.
- American Retail revenues decreased 3 percent.
- European revenues increased 7 percent.
- Asia revenues decreased 6 percent.
- American Wholesale revenues decreased 8 percent.
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Guess' Q3 EPS is expected to be $0.11 to $0.16 versus estimates for $0.16. Revenues are expected to be $596.935 million to $613.990 million.
The company's outlook for FY 2017 was raised to $0.62-$0.75 versus estimate for $0.60. Guess had previously expected EPS of $0.48 to $0.68.
The company guidance for FY 2017 revenues was lowered to a range of $2.369 billion to $2.415 billion versus estimates of $2.30 billion. The company previous expected revenues o $2.427 billion to $2.473 billion.
Shares of Guess closed Wednesday's regular session down $0.99 or 6.23 percent to $14.90. The stock was up more than 11 percent after hours to $16.61.
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.