Guess stock surges as Q4 earnings beat expectations

Shares of Guess Inc., rallied 7 percent in the extended hours on Wednesday after the company reported adjusted fiscal fourth-quarter earnings of 1.22 dollars compared to 70 cents in the fourth quarter of fiscal 2019 that were above Wall Street estimate of 1.12 dollars. Total net revenue for the quarter increased marginally by 0.6 percent to 842.3 million dollars, while in constant currency, net revenue increased by 1.8 percent.