LOS ANGELES, United States — Guess Inc. on Wednesday reported a lack of $21.3 million in its fiscal first quarter.
The Los Angeles-based firm mentioned it had a lack of 26 cents per share. Losses, adjusted for one-time features and prices, have been 24 cents per share.
The outcomes topped Wall Road expectations. The typical estimate of 5 analysts surveyed by Zacks Funding Analysis was for a lack of 31 cents per share.
The clothes firm posted income of $458.6 million within the interval.
For the present quarter ending in August, Guess expects its per-share earnings to vary from 8 cents to 11 cents.
The corporate expects full-year earnings within the vary of 34 cents to 44 cents per share.
Guess shares have fallen 18 p.c because the starting of the 12 months. Within the last minutes of buying and selling on Wednesday, shares hit $9.98, a decline of 39 p.c within the final 12 months.
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