Katie O'Brien
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Katie O'Brien in Senior Content Editor,

Guess Closes High After Earnings Report Shows Increased Net Income

Guess (NYSE: GES) shares closed high Wednesday, according to The Street, after fourth quarter reports were released. The stock closed up 10.51 percent at $18.50.

According to The Street, Guess net income rose to $53.9 million during at $0.63 diluted earnings per share during Q4, blowing past analysts’ $0.58 EPS projections.

However, revenue sunk $687.7 million, down about nine percent from last year, according to The Street. Analysts projects $704.3 million.