Guess? (GES) Slammed on Weak Outlook Amid Strong Q4 Results
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Go back to Guess? (GES) Slammed on Weak Outlook Amid Strong Q4 Results
March 21, 2013 10:44 AM EDT
Guess?, Inc. (NYSE: GES) is down 4.3 percent early Thursday following disappointing results after the close. While trends are clearly deteriorating, speculators are suggesting downside could be limited as the company could be an ideal LBO candidate.... More
March 21, 2013 9:09 AM EDT
Jefferies lowered estimates and its price target on Guess (NYSE: GES) from $25 to $24 after another tough fourth quarter.
"4Q was yet another tough quarter for GES, which faces significant macro pressures in Europe and continued weak trends in N. American retail," the Jefferies analyst said.... More
March 20, 2013 4:05 PM EDT
Guess?, Inc. (NYSE: GES) reported Q4 EPS of $0.95, $0.08 better than the analyst estimate of $0.87. Revenue for the quarter came in at $775.8 million versus the consensus estimate of $785.57 million.
Comparable store sales for the fourth quarter of fiscal year 2013 decreased 6.3% in U.S.... More
