In the third quarter, Guess', Inc. (GES) reported a net loss of $23.40 million, a stark contrast to the $55.70 million profit recorded during the same period last year. The loss per share amounted to $0.47, compared to an earnings per share (EPS) of $0.82 in the previous year. On an adjusted basis, which excludes certain items, the company posted earnings of $17.67 million, translating to $0.34 per share.
Analysts had anticipated adjusted earnings of $0.37 per share. Revenue for the third quarter climbed to $738.52 million, up from $651.17 million a year earlier.
**Guidance**: For the full fiscal year, the company forecasts EPS in the range of $1.85 to $2.00.