Guess?, Inc. (GES) Wednesday reported fourth-quarter net earnings attributable to the company of $72.5 million or $0.85 per share, down from $92.8 million or $1.05 per share in the previous year quarter.
On average, thirteen analysts polled by Thomson Reuters expected the company to report earnings of $0.87 per share. Analysts' estimates typically exclude special items.
On an adjusted basis, the company posted earnings of $81.3 million, or $0.95 per share for the latest fourth quarter.
Meanwhile, total net revenue for the fourth quarter increased to $815.11 million from $775.84 million in the prior-year quarter, while eleven analysts expected to see revenues of $785.29 million for the quarter.
Looking ahead, to the first quarter of fiscal 2014, earnings per share are expected to be in the range of $0.05 to $0.10 and consolidated net revenues are expected to range from $545 million to $560 million.
Analysts currently expect the company to report earnings of $0.29 per share on revenues of $570.79 million for the first-quarter.
For the fiscal year ending February 1, 2014, earnings per share are expected to be in the range of $1.70 to $1.90 and consolidated net revenues are expected to range from $2.60 billion to $2.64 billion.
Analysts now expect the company to report earnings of $2.31 per share on revenues of $2.74 billion for fiscal 2014.
In addition, the company said its Board of Directors has approved a dividend of $0.20 per share, payable on April 19, to shareholders of record on April 3, 2013.
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