Guess shares pop 10% in after hours following second quarter results

Published 08/23/2017, 04:54 PM
© Reuters.  Guess shares pop 10% in after hours following second quarter results
GES
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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.

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