Guess? Q4 Profit Tops Estimates

(RTTNews) - Guess?, Inc. (GES) reported net income for the fourth quarter of $53.9 million or $0.63 per share, compared to $69.6 million or $0.82 per share for the year-ago quarter.

Excluding items, adjusted earnings for the year-ago quarter were $71.1 million or $0.83 per share.

Total net revenue for the fourth quarter fell 9.3% to $696.73 million from $768.36 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.57 per share on revenue of $704.59 million for the fourth quarter. Analysts' estimates typically excludes special items.

Looking forward to the first quarter, the company forecasts net revenue decline between 8 and 7 percentage points and a loss of $0.06 to $0.03 per share. Analysts currently expect the company to post a loss of $0.03 per share on revenue decline of 6% for the first quarter.

For the fiscal year ending January 30, 2016, the company forecasts net revenue decline between 9 and 7 percentage points and earnings of $0.75 to $0.95 per share. Analysts currently expect the company to earn $1.04 per share on revenue decline of 2.5% for the fiscal year 2016.