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Why Guess? Stock Is Falling Today

TheMotleyFool

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Shares of Guess? (NYSE: GES) were falling more than 7% in morning trading Thursday after the clothing retailer reported second-quarter earnings after market close on Wednesday.

Guess? reported sales of $628 million versus expectations of $648 million, but profits of $0.91 per share handily outstripped Wall Street's consensus view of $0.70. Although sales were above the year-ago period, they were down 8% compared to pre-pandemic levels.

Image source: Guess?.

Source Fool.com

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