logo-loader
viewGuess

Guess shares dive premarket after third quarter numbers miss Wall Street expectations

Retail revenue in the Americas fell 11%, but it was offset by increases in Europe and Asia

1511360459_hounslow-1-large.jpg
In premarket trade, its shares dipped 9.36% at US$17.95.

Guess Inc (NYSE:GES) shares tanked in premarket, extending losses on Tuesday, after delivering its third quarter sales numbers that missed Wall Street’s expectations.

The designer label said on Tuesday that sales rose 3.3% to US$554mln against US$536mln a year ago.

Sales fall in Americas offset by Europe and Asia

The market consensus was for adjusted earnings of 12 US cents a share on sales of US$564mln.

Guess said that retail revenue in the Americas fell 11%, but it was offset by increases in Europe and Asia.

In premarket trade, its shares dipped 9.36% at US$17.95.

 

 

Quick facts: Guess

Price: 9.72 USD

NYSE:GES
Market: NYSE
Market Cap: $657.1 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

KORE Mining is cashed up and ready for exploration on 4 unique projects

KORE Mining (CVE: KORE) CEO Scott Trebilcock joined Steve Darling from Proactive to discuss the company, that is exploring 4 properties including their Imperial project which they just completed a positive PEA. Trebilcock tells Proactive about that gold project and also about their...

1 day, 16 hours ago

2 min read