Earning Plays

[Ithildriel]

GES delivers positive earnings surprise.

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7b579B1AAE-5A9F-49DF-9637-FD4EBBC928A8%7d&siteid=yhoof2

NEW YORK (MarketWatch) -- Guess Inc. (GES:

GES 37.66, -1.21, -3.1%) said Tuesday its first-quarter earnings increased 35% to $47.8 million, or 51 cents a share, from $35.5 million, or 38 cents a share in the year-ago period. The Los Angeles-based retailer said net revenue rose 30% to $465.7 million from $357.6 million last year. Analysts polled by FactSet expected, on average, quarterly earnings of 46 cents a share on sales of $451.9 million. "Our strategy to expand our international business continues to yield strong results; in the first quarter, two-thirds of the revenue growth for the company was generated by our European and Asian businesses," said Paul Marciano, Guess CEO. Guess shares last traded at $37.87, down 2.6%. End of Story

I sold 3/4 of my position for a loss, hopefully the ah gains will hold into market open so I can catch some profits on the remaining shares.