Nike (NKE) And Guess Inc. (GES) Announced Their Earnings.

The share price of Nike (NKE) and Guess Inc. (GES) increased significantly after Wednesday's trading.

Earlier, the two garment manufacturers announced that the profits in the past quarter were over the same period last year.

At 5:04 p.m. Eastern time, Nike's stock rose 5.4% to $64.85.

Shortly after the closing date, the world's largest sports shoe manufacturer announced that its profit in the third quarter increased to $463 million 800 thousand, or 92 cents a share, more than a year ago, earning 350 million 800 thousand dollars, or 68 cents a share.

Total sales increased from $3 billion 930 million to $4 billion 540 million.

According to the survey data provided by FactSet Research, Wall Street analysts expect Nike to earn 80 cents per share and sales will reach 4 billion 360 million dollars per share.

Guess's shares rose 2.4% to $35.

The company announced a net profit of $55 million 200 thousand in the fourth quarter, or 59 cents per share, higher than the 45 million 900 thousand U.S. dollars in the same period last year, or 49 cents a share.

Revenue increased from $396 million 200 thousand a year ago to $514 million 600 thousand.

Analysts surveyed by FactSet Research generally expect that Guess will earn 57 cents per share and revenue will reach $467 million 200 thousand.

The Guess board has approved a plan to repurchase $200 million of the company's stock.

The company expects revenue in the current quarter (first quarter) to be between $445 million and $460 million, earning 44 to 46 cents per share, and 2.35 to 2.45 dollars per share for 09.

At present, the average Wall Street expects: Guess sales in the first quarter will reach 448 million dollars and earnings will be 47 cents per share.