Shares of Guess GES on Tuesday dropped 14% to $20.30 in after-hours trading after the company cut its revenue and profit outlooks for the year following a third-quarter earnings miss.
The clothing brand and retailer said it expects full-year revenue to grow 1.8% to 2.4%, while it had most recently guided for an increase between 2.5% to 4%.
Stripping…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Subscribe Now
Already a subscriber?
Log In
