Guess Inc. GES:Guess?, Inc

Last: 37.87-1.00-2.57%

4:03pm 06/03/2008

GES 37.87, -1.00, -2.6%) said Tuesday its first-quarter earnings increased 35% to $47.8 million, or 51 cents a share, from $35.5 million, or 38 cents a share in the year-ago period. The Los Angeles-based retailer said net revenue rose 30% to $465.7 million from $357.6 million last year. Analysts polled by FactSet expected, on average, quarterly earnings of 46 cents a share on sales of $451.9 million. "Our strategy to expand our international business continues to yield strong results; in the first quarter, two-thirds of the revenue growth for the company was generated by our European and Asian businesses," said Paul Marciano, Guess CEO. Guess shares last traded at $37.87, down 2.6%




Stock is trading up almost 10% afterhours !

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