Jun 06 2007
What else can I say about Guess? Inc. (NYSE: GES, stock) besides it really rocks. Guess Inc. reported its first-quarter profit which soared 72 percent on a jump in sales at its European and wholesale divisions. The chain’s European and wholesale operations each registered a revenue increase of 77 percent. Revenue from the company’s retail division, which includes retail operations in North America, rose 19 percent.
For the quarter ended May 5, net income grew to $35.5 million, or 38 cents per share, from $20.7 million, or 23 cents per share in the prior year quarter – easily beats Thomson Financial expected earnings (by a wide margin) of 28 cents per share. Revenue jumped 42 percent to $378 million from $265.7 million in the first quarter of 2007. Analysts predicted revenue of $330.6 million for the quarter.
Of course the good news that all the stock investors who have the faith in this stock and waiting for were the announcement from Guess Inc that raised its full-year 2008 forecast. For the full 2008 fiscal year, Guess said it will now earn between $1.75 per share and $1.80 per share. Previously, the company had said it would earn between $1.65 per share and $1.70 per share (Analysts expect earnings per share of $1.71). If only the same excitement could happens elsewhere such as Malaysia Stock Market.)
Guess shares climbed $2.88, or 6.07 percent, to $50.30 in electronic after-hours trading. During regular trading hours, the shares rose 17 cents to close at $47.42. So I guess I should get myself ready and prepared emotionally to take profit after the opening bell (I could get greedy sometime). You can read below article when I made a long on this stock.Other Articles That May Interest You …
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June 6th, 2007 by financetwitter
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