Guess earnings decline, reveals weak outlook

Guess GAAP net earnings for the fourth quarter of 6.6 million dollars, witnessed an 86.3 percent decrease from 47.8 million dollars for the fourth quarter of fiscal 2016. GAAP diluted earnings per share decreased 86 percent to 0.08 dollar from 0.57 dollar for the prior-year quarter. For the fiscal year, GAAP net earnings of 22.8 million dollars declined 72.2 percent, while GAAP diluted earnings per share decreased 71.9 percent to 0.27 dollar from 0.96 dollar in the prior year.