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Guess? Inc. (GES) Is Down Sharply On Weak Forecast

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Guess? Inc. (GES: Quote) reported fourth quarter EPS of $1.05 after the bell Wednesday, down from $1.11 in the previous year. The consensus estimate was for EPS of $1.05. The company expects to report first quarter EPS of $0.25 to $0.28 and between $2.50 and $2.65 for the full year 2013. The consensus estimates are for EPS of $0.48 and $3.18.

Guess? has gapped open sharply lower Thursday and is now down 3.59 at $33.11 on above average volume. The stock has fallen to over a one-month low and has slipped beneath its 200-day moving average.

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by RTT Staff Writer

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