Guess? Inc. Q3 Earnings Decline 40%

(RTTNews) - Guess? Inc. (GES) announced a profit for third quarter that decreased from last year.

The company said its profit declined to $12.44 million, or $0.15 per share. This was lower than $20.79 million, or $0.24 per share, in last year's third quarter.

Analysts had expected the company to earn $0.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 11.7% to $520.96 million. This was down from $589.83 million last year.

Guess? Inc. earnings at a glance:

-Earnings (Q3): $12.44 Mln. vs. $20.79 Mln. last year. -Earnings Decline (Y-o-Y): -40.2% -EPS (Q3): $0.15 vs. $0.24 last year. -EPS Decline (Y-o-Y): -37.5% -Analysts Estimate: $0.11 -Revenue (Q3): $520.96 Mln vs. $589.83 Mln last year. -Revenue Change (Y-o-Y): -11.7%

-Guidance: Next quarter EPS guidance: $0.53 - $0.62 Full year EPS guidance: $0.93 - $1.02