04:53 PM EST, 11/26/2024 (MT Newswires) -- Guess? (GES) reported fiscal Q3 adjusted earnings late Tuesday of $0.34 per diluted share, down from $0.49 a year earlier.

Analysts polled by FactSet expected $0.37.

Revenue for the quarter ended Nov. 2 rose to $738.5 million from $651.2 million a year earlier.

Analysts surveyed by FactSet expected $747.4 million.

For fiscal Q4, the company expects adjusted EPS of $1.37 to $1.52. The consensus is for $1.56. Guess? expects net revenue to increase by 2.2% to 5.4%.

For fiscal 2025, the company now expects adjusted EPS of $1.85 to $2, compared with its prior range of $2.42 to $2.70. Analysts are looking for $2.50.

Guess? now projects full-year revenue to grow between 7.1% and 8.1%, down from its previously projected growth range of 9.5% and 11%.

The company's shares were down nearly 12% in after-hours activity.