Guess Second Quarter Profits Soared 80% Mainland China Has Made Remarkable Achievements.

U.S.A

And jewelry company Guess Inc announcement in the second quarter, as of July 30th, three months, due to the strong performance of the European market, the company achieved net profit of $32 million 300 thousand, or diluted earnings per share of 38 cents, a year earlier of 18 million 300 thousand U.S. dollars, or diluted earnings per share 21 cents, or about 81%.

Excluding the sale of minority equity investments, adjusted earnings per quarter were 14 cents per share.

Total revenue fell 2% to $545 million from $546 million 300 thousand in the same period last year.

Including sales growth of 4% to $523 million, authorized income fell 13.3% to 22 million dollars.

Wall Street forecast its earnings per share were 7 cents, and speculation that the company's share price rose by 15.1%.

For six months, net profit fell from $21 million 600 thousand last year to $7 million 100 thousand, and total revenue fell from $1 billion 30 million to $993 million 800 thousand last year.

Guess chief executive Victor Herrero said the second quarter earnings exceeded the expected earnings per share and operating profit margin, while Europe's business performance was strong, while the US's performance was strong.

The performance of tourists was reduced due to reduced purchases.

In Asia, sales in the same stores in South Korea, mainland China and Japan all went up, though the group continued to build infrastructure and business in mainland China.

Direct sale mode, but the performance of the region exceeded expectations.

The company said its third quarter revenue is expected to grow by 5%-8%, and its annual revenue growth is expected to be 3% to 5%.

After the announcement, Guess shares fell 6.2% on Wednesday, trading at $14.9 on the closing day and then rising to $17.15.

The company's share price has risen nearly 7% in the past month, and the company's market capitalization is about $1 billion 252 million.