Guess: annual targets raised sharply.
(CercleFinance.com) - Boosted by a second quarter that outperformed estimates, on Thursday Guess (+0.
9%) announced that it will raise its FY 2017 EPS target.
Guess now expects EPS excluding extraordinary items of between 52 cents and 60 cents, against a previous much less optimistic range of between 34 cents and 44 cents.
Likewise, according to management, sales will increase by between 6% and 7.5%, against a previously announced growth range of between 3.5% and 5%.
The ready-to-wear group posted adjusted Q2 EPS of 19 cents, almost double the consensus. Meanwhile, revenues rose by 5.3% to 573.7 million dollars. Once again, the consensus was also less confident, expecting 559 million dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
9%) announced that it will raise its FY 2017 EPS target.
Guess now expects EPS excluding extraordinary items of between 52 cents and 60 cents, against a previous much less optimistic range of between 34 cents and 44 cents.
Likewise, according to management, sales will increase by between 6% and 7.5%, against a previously announced growth range of between 3.5% and 5%.
The ready-to-wear group posted adjusted Q2 EPS of 19 cents, almost double the consensus. Meanwhile, revenues rose by 5.3% to 573.7 million dollars. Once again, the consensus was also less confident, expecting 559 million dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.