Guess Profit More Than Doubles
NEW YORK (
) --
Guess
(GES) - Get Report
is gaining after it reports fourth-quarter profit more than doubled and hiked up its dividend.
During the quarter, the company earned $87.9 million, or 94 cents a share, compared with $48 million, or 51 cents, in the year prior.
Excluding charges, Guess would have earned 96 cents a share, significantly higher than the 82 cents analysts forecast.
Revenue climbed 14% to $642 million from $561.1 million, while same-store sales jumped 5.3%.
Looking ahead, the specialty retailer predicts first-quarter earnings in the range of 46 cents to 48 cents a share.
Guess also upped its annual dividend 28% to 16 cents.
Shares of Guess are gaining 2.1% to $47.59 in after-hours trading.
-- Reported by Jeanine Poggi in New York.
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