You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Market Movers

Guess Inc. says discounts cut into profit

Guess Inc. cited discounts for a drop in its earnings.

istockphoto.com

Guess Inc. cited discounts for a drop in its earnings.

Continue reading below

Guess Inc. said its fiscal fourth-quarter earnings fell as the company discounted more of its clothing. Net earnings were $81.4 million, down from $95.9 million a year earlier. Adjusted earnings were 95 cents per share, compared with $1.05 per share a year before. The adjusted net earnings exclude a charge of $12.8 million related to the resolution of a tax audit dispute in Italy. On a GAAP basis, fourth-quarter fiscal net earnings were $72.6 million, or 85 cents per share.

Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.