Investing.com- Guess? Inc (NYSE:GES) shares climbed in after hours trading action following the company's release of second quarter results, which topped estimates.
The clothing retailer reported adjusted net income of $0.19 a share, up from 15 cents a share the year before and above the company's prior estimate for EPS to fall in the range of $0.08-$0.11. Earnings also surpassed analysts estimates for earnings of $0.10 per share.
Revenue for the quarter came in at R $573.7 million, up 5.3% year-over-year and $14.65 million more than analysts predicted.
Guess attributed the positive performance to increased revenue from Europe and Asia as well as cost reductions.
Shares were up almost 10% in after hours trading.