Plus   Neg

Guess Reaffirms Q1 Outlook

Guess? Inc. (GES) has reaffirmed its outlook for the first quarter.

For the first quarter, Guess expects revenues to increase between 2.5% to 3.5% and loss per share of $0.29 to $0.25 per share.

The company will update its full year guidance including the impact from the company's proposed convertible debt offering and related transactions when it reports its first quarter results for the period ending May 4, 2019.

For the full year 2020, the company expects earnings of $1.09 to $1.21 per share and revenues to increase between 4% to 5%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Fiat Chrysler Automobiles N.V. (FCAU) has submitted a 50/50 merger proposal to the Board of Groupe Renault (RNSDY.PK, RNSDF.PK, RNT.L). Under the proposal, the combined company would be owned 50% by FCA shareholders and 50% by Groupe Renault shareholders. Separately, Groupe Renault confirmed it has received... Alibaba is upgrading its intellectual property system using blockchain technology, according to local news outlet Sohu. Alibaba Platform Management expects this to benefit mainly small and medium-sized enterprises, brands and entrepreneurs. The technology will be fully implemented in September, and thereafter, the company intends to expand it to the field of digital copyright protection. Electronics retailer Best Buy Co., Inc. (BBY) reported Thursday a 27 percent increase in profit for the first quarter from last year, which was impacted by restructuring charges, and higher revenues. Both adjusted earnings per share and revenues for the quarter topped analysts' estimates. The company also provides guidance for the second quarter and reiterated its outlook for the full-year 2020.