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Guess? profit beats consensus by 78.9% in fiscal Q2

Guess? Inc. said its normalized net income for the fiscal second quarter ended Aug. 1 was 27 cents per share, compared with the S&P Capital IQ consensus estimate of 15 cents per share.

EPS declined year over year from 28 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $23.0 million, a decline from $23.9 million in the prior-year period.

The normalized profit margin dropped to 3.4% from 3.9% in the year-earlier period.

Total revenue declined 10.2% year over year to $546.3 million from $608.6 million, and total operating expenses fell 10.8% on an annual basis to $512.4 million from $574.1 million.

Reported net income fell 18.8% on an annual basis to $17.9 million, or 21 cents per share, from $22.0 million, or 26 cents per share.