New York, NY -- (SBWIRE) -- 03/21/2013 -- StockRunway.com issues special report on the Sizzling Stocks to Watch – Guess?, Inc (NYSE:GES), Jabil Circuit, Inc (NYSE:JBL)
The Los Angeles, California-based Guess?, Inc (NYSE:GES) on Wednesday announced a lower profit in fourth-quarteras the retailer incurred higher sales costplus costs linked with retail expansion in Europe, with increased markdowns.
The fashion apparel retailer reported sales for the three months period hiked 5% and surpassed Wall Street forecasts, on modest expansion in its main markets of North America and Europe, however Asia fared impressively. Guess? Offered a weak guidance for the fiscal Q1 plus for FY 2014 and mentioned persistent macroeconomic weakness.
Can Investors Bet on GES after this News update? Find out in this Research Report
Retailer’s quarterly net income was $72.6 million or $0.85 a share, evaluated against $96 million or $1.05 a share in previous year.Thomson Reuters 12 analysts’ survey on average forecasted EPS of $0.87 a share for three months period.
The St. Petersburg, Florida-based Jabil Circuit, Inc (NYSE:JBL) declared a lower profit for fiscal Q2 on higher costs and other items counterbalance revenue expansion.
Contract electronics manufacturer’squarterly earnings fell short of Wall Street analysts' forecasts by a penny, while revenues trumped guidance.
Is JBL a Solid Investment at These Levels? Read This Report For Details
Jabil offered a weak outlook for fiscal Q2, with both earnings and sales indicated to miss present analyst’s forecasts.The company announced profit fell to $88.5 million or $0.43 a share in second-quarter from $97.7 million or $0.46 a share in previous year.
Profit without onetime items fell to $0.53 per share from $0.58 a share in previous year. Thomson Reuters 11 analysts survey on average forecasted EPS of $0.54 a share.
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