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NEW YORK (TheStreet) -- Guess? (GES) - Get Guess?, Inc. Report stock is increasing by 2.35% to $20 in after-hours trading on Tuesday, after the company reported better than expected earnings for the fiscal 2015 third quarter. Revenue, however, fell short of estimates.

The apparel company posted earnings of 15 cents per share for the quarter ended October 31, while analysts surveyed by Thomson Reuters had estimated for earnings of 11 cents per share.

Revenue declined by 11.7% year-over-year to $520.96 million, missing estimates of $521.03 million because of unfavorable foreign exchange rates.

"I am pleased to report that third quarter results were better than our expectations," CEO Victor Herrero said in a statement.

The Americas retail revenue dropped 6.8% to $226.6 million, with retail stores sales declining 8.7% and e-commerce sales rising 18.3%.

Same store sales decreased 7.7%, excluding the impact of e-commerce sales, at locations in the U.S. and Canada. Including the impact of e-commerce sales, comparable store sales declined 5.7%.

Additionally, Guess? increased its 2015 fiscal year earnings guidance to 93 cents to $1.02 per share, from the previous outlook of 89 cents to $1.02 per share.

TheStreet Recommends

Separately, TheStreet Ratings team rates GUESS INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

We rate GUESS INC (GES) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

You can view the full analysis from the report here: GES

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