Shares of Guess? (GES) rose nearly 13 percent in trading Thursday, after second quarter earnings came in well ahead of both analyst expectations and the company's previous guidance. According to Barron's, analysts had expected revenues of $623 million and earnings per share of 36 cents, roughly in the middle of the company's guidance; Guess? instead recorded sales of $639 million and, most impressively, adjusted EPS of 49 cents.
The news was likely welcome for GES shareholders, who had seen the stock fall nearly 20 percent in just four weeks, likely due to the recent flood of bad news among mall-dominant apparel retailers. Teen-facing companies such as American Eagle Outfitters (AEO), Abercrombie & Fitch...
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