Guess Q3 net earnings witness 40.1 percent decline

For the third quarter of fiscal 2016, Guess reported net earnings of 12.4 million dollars, a 40.1 percent decrease compared to 20.8 million dollars for the third quarter of fiscal 2015. Diluted earnings per share decreased 37.5 percent to 0.15 dollar, compared to 0.24 dollar for the prior-year quarter. The negative impact of currency on earnings per share in the third quarter of fiscal 2016 was approximately 13 cents.