Guess (NYSE:GES) Profit Tumbles on Weak Consumer Confidence but Beats Wall Street Guidance – URBN, GPS, AEO

Guess?, Inc (NYSE:GES) reported on Wednesday that its profit in the third-quarter plunged on weak consumer confidence around worldwide.

The apparel company still managed to surpass the market’s revenue forecasts and the clothing maker reported plans for a special dividend. Shares of the company hiked over 5% in after-hours trading session.

Guess made $36.6 million or 43 cents a share in earnings during the three months period that finished Oct 27. That’s low from $66.3 million or 71 cents a share in the similar period previous year. Total revenue moved up 2% to $628.8 million on lesser royalties and sales.

FactSet analyst’s survey most recently anticipated 44 cents a share on $624.8 million of revenue.

Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Urban Outfitters, Inc. (NASDAQ:URBN) surged +1.35% to settle at $38.16, The Gap Inc. (NYSE:GPS) moved up +1.91% to end at $35.82 while American Eagle Outfitters (NYSE:AEO) jumped +7.12% to finish on Wednesday at $20.77.

Guess?, Inc. (NYSE:GES) last session volume of 4.48 million shares was higher than its average volume of 1.14 million shares. The stock after opening at $24.17 hit high price of $25.70 and then closed at $25.25 by scoring +5.38%.

The liquidity measure in recent quarter results of the company was recorded 2.80 as current ratio and on the other side the debt to equity ratio was 0.01 and long-term debt to equity ratio also remained 0.01. The Company had total cash at hand $281.51 million and a book value per share as $12.34 in the most recent quarter.

The stock price volatility was 3.69% for a week and 3.03% for a month as well as price volatility’s Average True Range for 14 days was 0.80 and its beta remained 1.67.

GES generated revenue of 2.63 billion in the following twelve months and earned $230.00 million. The Company showed a positive 8.94% in the net profit margin and as well as in its operating margin which remained 12.50%. Company’s annual sales growth for the past five year was 17.80%.

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