Guess' Earnings

[HenryTo]

Up 7% in AH trading. Note that GES is number one within its own industry according to the IBD ranking:
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Guess 3Q Profit Up 75 Percent to $20.7M
Wednesday November 2, 4:59 pm ET
Guess 3rd-Quarter Profit Up 75 Percent to $20.7 Million on Robust Sales, Strong Europe Business

LOS ANGELES (AP) -- Youth clothing designer Guess Inc. on Wednesday said third-quarter profit surged 75 percent, driven by robust sales and a strong performance in its European business.

Guess reported net income for the quarter ended Oct. 1 of $20.7 million, or 46 cents per share, compared with year-ago profit of $11.8 million, or 27 cents per share. Revenue rose 34.3 percent to $265.6 million from $197.8 million.

Wall Street's consensus view was 37 cents per share, the average forecast of 10 analysts surveyed by Thomson Financial, on estimated sales of $261 million.

Same-store sales -- a closely watched gauge for retailers, measuring sales in stores open at least one year -- rose 8.9 percent in the quarter.

Guess said the positive trends continued in October, when same-store sales jumped 12.3 percent, and total sales increased 22.4 percent to $45.5 million. Guess operated 305 retail stores in the United States and Canada as of the start of October.

Guess shares rose $1.40, or 5 percent, to $29.40 in aftermarket activity.