Guess?, Inc. (NYSE:GES), an apparel retailer, saw its stock go up on Thursday after it released its earnings report for its second quarter of fiscal 2017.
Guess? reported earning per share of 14 cents for its second quarter of fiscal 2017. This was twice as much as what Wall Street was expecting from the company for the quarter. The company has seen losses of 9 cents per share for the first six months of the year.
Revenue reported by Guess? for its second quarter of fiscal 2017 was $544.95 million. This is down from the $546.26 million reported by the company during the same time last year. It also failed to meet the $550.53 million in revenue that analysts were looking for.
Operating earnings for GES’ second quarter of fiscal 2017 was $15.6 million. This represents a roughly 40% decrease when compared to the operating earnings of $26.2 million for the second quarter of the company’s fiscal 2016 year. It reported a $200,000 unfavorable currency translation impact during the second quarter of fiscal 2017.
Guess? also updated its guidance for its third quarter of fiscal 2017 in its earnings report. The company is expecting earnings per share to be between 11 cents and 16 cents for the quarter. Wall Street is looking for earnings per share of 16 cents during that time.
Guess? updated its outlook for the full year of fiscal 2017 as well in its second quarter earnings report. GES is expecting earnings per share for the year to be between 62 cents and 75 cents. Analysts are currently expecting earnings per share for the year to be 60 cents.
GES stock was up 23% as of Thursday morning.
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