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Guess? and Splunk Post Better-Than-Expected Earnings, Guide Above-Consensus

  • August 24th, 2023
  • 236 views

Guess?, Inc. (NYSE: GES), a renowned fashion brand known for its clothing and accessories, reported second-quarter fiscal 2024 earnings of $0.72 per share, surpassing the consensus EPS estimate of $0.40. The company's quarterly sales reached $664.51 million, slightly surpassing analysts' projected revenue of $640.50 million.

In response to its strong performance, Guess raised its full-year fiscal 2024 EPS guidance to a range of $2.88 to $3.08, an increase from the prior range of $2.60 to $2.90. This adjustment contrasts with the consensus estimate of $2.78 for the period.

$GES was trading at $21.72 in after-hours, up $3.41 (+18.62%).

In other news, Splunk Inc. (Nasdaq: SPLK), a notable data analytics and technology company, reported second-quarter fiscal 2024 earnings of $0.71 per share, beating the consensus EPS estimate of $0.45. The company's quarterly revenues amounted to $910.59 million, exceeding analysts' expected revenue of $885.97 million.

In light of its strong performance, Splunk is revising its full-year fiscal 2024 revenue outlook to a range of $3.925 billion to $3.95 billion, up from the previous estimate of approximately $3.9 billion, while the consensus estimate points to $3.9 billion in revenue for the period.

In after-hours, $SPLK was trading at $112.00, up $12.07 (+12.08%).

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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