Jefferies Raises Price Target on Guess? (GES) to $17 Following 2Q Beat
- Wall St drops as Meta Platforms, economic data weigh
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steady as US demand concerns balance Middle East conflict risks
- Dollar firmer on higher U.S. inflation; yen sinks vs euro, US currency
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Crude Inventory Declined 6.4 Million Barrels Last Week
- Meta Platforms, IBM, Caterpillar fall premarket; American Airlines, Chipotle rise
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Guess?, Inc. Reports Second Quarter Results
August 24, 2016 4:15 PM EDTLOS ANGELES, Aug. 24, 2016 /PRNewswire/ -- Guess?, Inc. (NYSE: GES) today reported financial results for its second quarter ended July 30, 2016.
Second Quarter Fiscal 2017 Highlights
Americas Retail revenues decreased 3% in U.S. dollars and 1% in constant currency; retail comp sales including e-commerce decreased 2% in U.S. dollars and constant currency Europe revenues increased 7% in U.S. dollars and 6% in constant currency Asia revenues decreased 6% in U.S. dollars and 4% in constant currency Americas Wholesale revenues decreased 8% in U.S. dollars and 4% in constant... More