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Guess, Inc.

Guess shares fall on unexpected loss forecast

Guess shares fall on unexpected loss forecast

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. PHOTOS: Top 10 Southern California companies Despite the poor expectations for the first quarter, the company still expects to turn a profit for the full 2015 fiscal year. Paul Marciano, the company's cofounder and chief executive, said there's reason for optimism....

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