Guess -14% on earnings miss, below consensus guidance

|About: Guess? Inc. (GES)|By:, SA News Editor

Guess (NYSE:GES) -14.3% AH after missing Q3 earnings and revenue estimates and guiding Q4 results below analyst expectations.

GES says the Q3 operating margin for its Americas Retail segment fell to -4.9% from -0.9% in the prior-year period, driven primarily by the negative impact on the fixed cost structure resulting from negative comparable store sales and more markdowns.

GES issues downside Q4 guidance, seeing EPS of $0.40-$0.50 vs. $0.60 analyst consensus estimate, on a 3.5%-7.5% gain in revenues, which would equate to $681M-$707M vs. $724M consensus.