Guess? shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results and cut its FY25 adjusted EPS guidance below estimates. Additionally, the company issued Q3 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Guess? shares declined after the company reported disappointing Q2 adjusted EPS results and lowered its FY25 and Q3 adjusted EPS guidance below estimates.
August 29, 2024 | 10:43 am
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NEGATIVE IMPACT
Guess? reported worse-than-expected Q2 adjusted EPS and lowered its FY25 and Q3 EPS guidance, leading to a decline in share price.
The company's failure to meet Q2 EPS expectations and the reduction in future EPS guidance are significant negative indicators for investors, likely causing a short-term decline in the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100