Guess Inc. shares tumbled after the Los Angeles apparel firm unexpectedly forecast a loss for its current quarter.
The retailer said late Wednesday that it expects to lose between 5 cents and 9 cents a share in its fiscal first quarter. The company made the disclosure while discussing its results for the fiscal fourth quarter ended Feb. 1.
Guess shares were down $1.41, or 5%, in midsession trading Thursday.
Despite the poor expectations for the first quarter, the company still expects to...