By Wallace Witkowski, MarketWatch
SAN FRANCISCO (MarketWatch) — Guess Inc. shares dropped in the extended session Wednesday after the company’s outlook fell short of Wall Street estimates.
Shares of Guess (NYS:GES) declined 5.8% to $27.10 on moderate volume after the apparel and accessories company forecast a loss of 9 cents to 5 cents a share for the first quarter, on revenue of $520 million to $535 million. For the full year, they see earnings of $1.40 to $1.60 a share, on revenue of $2.53 billion to $2.58 billion.
Analysts surveyed by FactSet expect first-quarter earnings of 11 cents a share on revenue of $546.3 million, and full-year earnings of $2 a share on revenue of $2.6 billion.
For the fourth quarter, Guess reported 82 cents a share on revenue of $768.4 million, while analysts expected 78 cents a share on revenue of $758.5 million.
In other after-hours trading, shares of Jabil Circuit Inc. (NYS:JBL) rose 2.7% to $18.75 on moderate volume.
Jabil reported adjusted fiscal second-quarter earnings of 10 cents a share on revenue of $3.58 billion, while analysts expected earnings of 11 cents a share on revenue of $3.61 billion. However, Jabil also forecast adjusted third-quarter results of a 20 cents a share loss to break even on $3.5 billion to $3.7 billion. This compared to analyst expectations for 18 cents a share on revenue of $3.68 billion.
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For fiscal 2015, Jabil forecast adjusted earnings of $1.65 to $1.95 a share, while analysts see $1.63 a share.
Shares of Herman Miller Inc. rose 6% to $30.44 on moderate volume after the company reported adjusted fiscal third-quarter earnings of 34 cents a share on revenue of $455.9 million. Analysts expected 34 cents a share on revenue of $457.6 million.
Herman Miller forecast fourth-quarter earnings of 43 cents to 47 cents a share on revenue of $485 million to $505 million. Analysts expect 43 cents a share on revenue of $487.5 million.
ExOne Co. fell 10% to $39.20 on moderate volume after the 3-D-printer company’s quarterly results and outlook fell short of Wall Street estimates.
Shares of Cintas Inc. (NAS:CTAS) rose less than 0.1% to $59.60 on light volume after the Cincinnati-based employee-uniform and business-supplies company reported quarterly results.
Cinedigm Corp. (NAS:CIDM) retreated 10% to $2.84 on light volume after the media-content distributor said it was launching an unspecified secondary offering of its Class A shares.