Guess posts positive Q1 earnings, while revenues decline

For the first quarter of fiscal 2016, Guess reported net earnings of 3.3 million dollars, compared to a net loss of 2.1 million dollars for the first quarter of fiscal 2015. Diluted earnings per share were 0.04 dollars, compared to diluted loss per share of 0.03 dollars for the prior-year quarter, an increase of 0.07 dollars per share.