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Why Guess?, Inc. Stock Fell Wednesday

TheMotleyFool

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Why Guess?, Inc. Stock Fell WednesdayPhoto, wide shot, wide-angle lens, Department store, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/57f223bf-67a0-476b-94dd-76010fccb266.png

Shares of apparel retailer Guess? (NYSE: GES) fell as much as 14.9% on Wednesday, following the company's earnings release for its third quarter of fiscal year 2018. The stock is down 13.4% at the time of this writing.

The likely reason for pessimism toward the stock is the company's weaker-than-expected revenue for the quarter, as well as management's decision to lower the high end of its guidance range for revenue growth.

Image source: Getty Images.

Source: Fool.com