BIOGGIO, Switzerland (AP) — BIOGGIO, Switzerland (AP) — Guess Inc. (GES) on Wednesday reported fiscal fourth-quarter net income of $115.3 million.
On a per-share basis, the Bioggio, Switzerland-based company said it had net income of $1.71. Earnings, adjusted for one-time gains and costs, came to $2.01 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.
The clothing company posted revenue of $891.1 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $855.5 million.
For the year, the company reported profit of $198.2 million, or $3.09 per share. Revenue was reported as $2.78 billion.
For the current quarter ending in April, Guess expects its results to range from a loss of 41 cents per share to a loss of 37 cents per share.
The company expects full-year earnings in the range of $2.56 to $3 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GES at https://www.zacks.com/ap/GES