Guess Inc. GES, -4.93% on Wednesday said it earned $18.3 million, or 21 cents a share, in the 2016 fiscal second quarter, compared with $22 million, or 26 cents a share, a year ago. Sales fell to $546 million in the quarter from $608.6 million a year ago, the retailer said. Analysts polled by FactSet had expected the company to report earnings of 15 cents a share on sales of $539 million. Guess, citing the impact of a stronger dollar, said it expects sales to fall 4.5% to 3% in the third quarter. Second-quarter sales in the Americas fell 5%, and comparable-store sales including e-commerce dropped 3% in U.S. dollar terms, the company said. Guess closed 29 stores in the first six months of the year. Shares of the company fell 5% in after-hours trading, after ending the day up 7.3%.
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