— Guess?, Inc. (NYSE: GES) reported adjusted earnings of $1.22 per share for the fourth quarter of 2020, vs. $1.12 per share expected.
— Net income, on a reported basis, was $79.6 million or $1.18 per share, compared to $23.23 million or $0.28 per share a year earlier
— Fourth-quarter revenues moved up 1% annually to $842.3 million, vs. $851.19 million expected
— Americas Retail revenues dropped 4.1% and Americas Wholesale revenues declined 3% during the three-month period
— Europe revenues increased 13.2% while Asia revenues dropped 27.2%, compared to last year
— The company said it is withholding fourth-quarter and full-year guidance due to uncertainties related to the covid-19 outbreak
— Expects financial results for the first quarter and the full fiscal year to be negatively impacted by disruptions caused by the epidemic
— Also, announcement of the quarterly cash dividend for the first quarter has been postponed in view of the unfavorable market conditions
The recent travel restrictions have taken a heavy toll on the tourism industry, leaving almost all destinations deserted. Vail Resorts Inc. (NYSE: MTN), a leading operator of mountain ski resorts,
Shares of Boeing Co. (NYSE: BA) were up 13% in afternoon hours on Monday. The stock is down 63% from its 52-week high of $391. As the aviation industry suffers
Shareholders of online furniture retailer Wayfair Inc. (NYSE: W) have been speculating about their returns for long, with the stock not making any meaningful gains in the past several months.