NEW YORK (TheStreet) -- Shares of Guess? Inc. (GES) - Get Report are falling by -8.85% to $23.37 in early afternoon trading on Thursday, after the company reported fiscal 2015 second quarter net earnings of $22 million, or 26 cents per share, which came in below the 29 cents analysts polled by Thomson Reuters were expecting.

The clothing, shoes, and accessories retailer said total net revenue for the most recent quarter declined by 4.8% to $608.6 million, missing analysts' expectations of $617.9 million.

The company issued its fiscal 2015 full year guidance and expects net sales in the range of $2.44 billion to $2.48 billion.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Analysts are expecting revenue of $2.53 billion.

Guess said its diluted earnings per share estimates for the full year are between $1.05 and $1.20.

Analysts are expecting $1.46 for the fiscal year.

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 and reasonable valuation levels. 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 Ratings Report

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