Membership
Get unlimited digital access. Try it today for only $0.99.
Topics

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...

Loading
66°