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Friday, March 19, 2010
UPDATE: Guess 4Q Profit Surges 81%; Dividend Raised
The Wall Street Journal
Guess--which has historically been conservative with its estimates--expects first-quarter earnings of 46 cents to 48 cents a share on revenue of $495 million to $510 million. Analysts surveyed by Thomson Reuters expected 47 cents a share on revenue of $485 million.
Following the results, Brian S. Sozzi, an analyst at Wall Street Strategies, said the company’s return to positive U.S. same-store sales beat Wall Street expectations and said profitability improved behind the company’s trendy G by Guess concept.
Link to full article: http://online.wsj.com/article/BT-CO-20100317-714718.html?mod=WSJ_earnings_MIDDLETopHeadlines
Posted by Brian Sozzi, Research Analyst
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7/21/2010 - Earnings: Instant Reaction to Coca-Cola Earnings
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6/4/2010 - The Rising Cost of Retail: Who Will Win?
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6/4/2010 - Home Depot 1Q Profit Rises 41%; Co Raises Full-Year View
6/4/2010 - Sears 1Q Profit Slides 39%, Hurt By Lower Margins
6/4/2010 - Euro worries stalk Guess, whose shares fall 7 pct
6/4/2010 - May Sales: What Retailers Aren't Saying
6/4/2010 - Retail Diamonds in the Rough
6/4/2010 - Wal-Mart execs to be scrutinized as shareholders seek views on bolstering US namesake business
5/11/2010 - Retailers Fall As April Same-Store Sales Disappoint
5/11/2010 - Coach Caters to Men With New NYC Shop
5/11/2010 - Don't Fret, Target's a Good Bet
5/11/2010 - US same-store sales disappoint
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