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That seems a little weird, no? Guess? (NYSE:GES) fourth quarter results handily beat Wall Street estimates, yet the stock turned quickly and sharply south in after-hours trading. The reason was simple: the company's guidance for fiscal 2014 (ending January). Guess?'s management guided for earnings per share of $1.70-$1.90, down from FY13's $2.15 (on an adjusted basis) and off sharply from FY12's $3.05 (also adjusted). (The $1.70-$1.90 figure also came in well below Wall Street consensus estimates for $2.31 per share.) It's also worth pointing out that Guess?'s original guidance for FY13 was $2.50-$2.65, a range the company sorely missed; as such, investors would have reason to be a bit skeptical of the FY14 projections.
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