NEW YORK ( TheStreet) -- Shares of Guess? ( GES) fell in after-hours action on Wednesday after the Los Angeles-based specialty retailer and designer posted an in-line adjusted profit for its fiscal fourth quarter but gave a below-consensus outlook. Guess? said it sees earnings of 41 to 44 cents a share for its fiscal first quarter ending in April on revenue of $555 million to $570 million. The current estimate of analysts polled by Thomson Reuters is for a profit of 61 cents a share in the April quarter on revenue of $595.6 million. The stock was last quoted at $41.70, down 5%, on volume of more than 220,000, according to Nasdaq.com. Based on a regular session close at $43.87, the shares were down 5% in the past year, and they'd pulled back even more since hitting a 52-week high of $51.53 in late November. For the full year, Guess? forecast earnings of $3.30 to $3.50 a share on revenue of $2.72 billion to $2.82 billion with its operating margins improving as 2011 wears on to a range of 16.5% to 17% from the 10% level it sees in the first quarter. The company also said its board had declared its regular quarterly dividend of 20 cents a share, and approved a new buyback program to repurchase up to $250 million worth of its common stock. The new authorization includes $85 million left over from the previous buyback program.
The stock was changing hands at $9.30 in the after-hours session, up more than 7% with volume approaching 50,000. Other stock moving in extended action included Pegasystems ( PEGA), which was down 10% to $29.75 on volume of more than 65,000 after it forecast non-GAAP earnings of 30 cents a share for the first half of fiscal 2011; and General Martime ( GMR), which lost more than 15% to $2.42 on volume of roughly 115,000 after the company delayed the filing of its Form 10-K for fiscal 2010 by two weeks as it continues to seek additional liquidity. -- Written by Michael Baron in New York. >To contact the writer of this article, click here: Michael Baron. >To submit a news tip, send an email to: firstname.lastname@example.org