Guess? Expects Q3 Consolidated Net Revenue In US Dollars To Increase 14.5% - 16.5%; Adjusted EPS Of $0.33 - $0.45 (Est $0.58)
Portfolio Pulse from Benzinga Newsdesk
Guess? Inc. anticipates a 14.5% to 16.5% increase in Q3 consolidated net revenue in US dollars. However, the adjusted EPS is expected to be between $0.33 and $0.45, which is below the estimated $0.58.
August 28, 2024 | 8:28 pm
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Guess? Inc. projects a significant increase in Q3 revenue but anticipates lower-than-expected adjusted EPS, which may concern investors.
The projected revenue increase is positive, but the lower-than-expected EPS could lead to investor concerns about profitability, likely causing a short-term negative impact on the stock price.
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