GES is another one that had some good news but the stock went down. They announced a 2 for 1 split on top of a dividend.
Guess 4Q Profit Surges on Global Growth
Wednesday February 14, 4:30 pm ET
Guess 4Q Profit Surges 77 Percent on Global Growth
LOS ANGELES (AP) -- Clothing maker and retailer Guess Inc. said Wednesday its fourth-quarter profit surged by 77 percent and topped Wall Street's expectations, as sales grew across the globe.
Quarterly earnings rose to $45.7 million, or 99 cents per share, from $25.8 million, or 57 cents per share, in the prior-year period. Revenue rose to $346.4 million from $276.6 million.
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Wall Street, on average, expected quarterly earnings of 93 cents per share on $330.1 million in revenue, according to an analyst poll by Thomson Financial.
"The globalization of the Guess? brand is in full drive and delivering strong financial results," Chief Executive Paul Marciano said in a statement.
U.S. and Canada sales rose 16 percent to $240.2 million in the quarter, while European sales jumped 87 percent to $42.8 million.
Full-year earnings jumped to $123.2 million, or $2.68 per share, from $58.8 million, or $1.31 per share. Annual revenue rose to $1.19 billion from $936.1 million in 2005.
Guess shares fell 36 cents to close at $74.58 on the New York Stock Exchange. |
