Outguessing Guess (GES)

Posted in pre-market 
December 1st, 2009

Guess? Inc. (NYSE: GES) is soaring but on thin volume (so far).  The company reported Q3 earnings of $0.69 EPS and $522.8 million in revenues versus Thomson Reuters estimates of $0.51 and $482.57M.  The clothing and apparel company raised guidance for its fiscal year and full quarter as well.  At 8:06 AM EST we have very thin volume as this is specialist-controlled, but the stock is up 8% at $40.10.  The 52-week trading range is $11.27 to $41.34 and the average volume is 1.16 million shares.


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