LOS ANGELES, United States — Guess Inc. (GES) on Tuesday reported a fiscal third-quarter loss of $2.9 million, after reporting a profit in the same period a year earlier.
The Los Angeles-based company said it had a loss of 4 cents per share. Earnings, adjusted for non-recurring costs, were 12 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The clothing company posted revenue of $554.1 million in the period.
For the current quarter ending in January, Guess expects its per-share earnings to range from 48 cents to 55 cents.
The company expects full-year earnings in the range of 56 cents to 63 cents per share.
Guess shares have climbed 48 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.95, a climb of 15 percent in the last 12 months.