Dow Jones Newswires: Guess shares drop 14% as retailer cuts revenue, profit outlook

Dow Jones Newswires: Guess shares drop 14% as retailer cuts revenue, profit outlook
By: market watch Posted On: November 21, 2023 View: 24

Shares of Guess GES on Tuesday dropped 14% to $20.30 in after-hours trading after the company cut its revenue and profit outlooks for the year following a third-quarter earnings miss.

The clothing brand and retailer said it expects full-year revenue to grow 1.8% to 2.4%, while it had most recently guided for an increase between 2.5% to 4%.

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