Guess posts increase in Q3 earnings

Third quarter GAAP earnings at Guess?, Inc. of 12.4 million dollars rose 192.4 percent compared to GAAP net loss of 13.4 million dollars for the third quarter of fiscal 2019. GAAP diluted earnings per share increased 205.9 percent to 18 cents compared to GAAP diluted loss per share of 17 cents for the prior-year quarter. The company recorded adjusted net earnings of 14.9 million dollars, a 41.2 percent increase compared to 10.6 million dollars for the third quarter of fiscal 2019. Adjusted diluted earnings per share increased 69.2 percent to 22 cents, compared to 13 cents for the prior-year quarter.