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Guess' Spikes As Earnings Rise, Dividend Doubled

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Shares of clothing brand and retailer Guess', Inc. (GES) are rising more than 14% Wednesday morning following third-quarter results. The company also doubled its quarterly dividend.

For the third quarter, the company recorded net earnings of $29.9 million, a 13.3% increase from $26.4 million for the third quarter of last year.

EPS for the quarter increased 9.8% to $0.45 from $0.41 last year.

Excluding items, the company reported earnings of $0.62. that beat the consensus estimate of analysts surveyed by Thomson Reuters at $0.46 per share.

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