NEW YORK (TheStreet) -- Shares of Guess? (GES) were surging 10.87% to $16.52 in after-hours trading on Wednesday after reporting fiscal 2017 second-quarter earnings that easily beat analysts' expectations.
After Wednesday's market close, the Los Angeles-based retailer posted adjusted earnings of 14 cents per share, topping analysts' estimates of 7 cents per share.
Comparable-store sales fell just 2% in the period, better than analysts' projected 4.3% decline.
But revenue decreased to $545.0 million from $546.3 million a year ago and fell short of analysts' projections of $550.53 million.
For the current quarter, the company expects to post earnings between 11 cents and 16 cents per diluted share vs. analysts' estimates of 16 cents per share.
For the full year, Guess? anticipates adjusted earnings between 62 cents and 75 cents per share, while analysts are modeling earnings of 60 cents per share.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C-.
Guess' strengths such as its solid financial position based on a variety of debt and liquidity measures that we have evaluated are countered by a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income.
You can view the full analysis from the report here: GES
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.