Shares of Guess? Inc. (GES) are rising over 15% Wednesday morning, after the company reported narrower-than-expected loss and upbeat revenue for the second quarter. The stock has been trading in the range of $3.64 - $23.58 for the past one year, and is currently trading at $14.05, up $2.04 or 16.99% in the regular trading session.
The company's Q2 GAAP net loss was $20.4 million or $0.31 per share compared to a profit of $25.3 million or $0.35 per share last year.
Adjusted net loss was $0.6 million or $0.01 per share compared to a profit of $27.4 million or $0.38 per share reported a year ago.
Total net revenue for the second quarter of fiscal 2021 decreased 41.7% to $398.5 million, compared to $683.2 million in the same prior-year quarter.
Analysts polled by Thomson Reuters expected a loss of $0.57 per share on revenue of $384.82 million for the quarter. Analysts' estimate typically exclude certain special items.
The company expects revenues for the third and fourth quarters of fiscal 2021 to decrease in the mid-teens range.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.