Shares of Guess Inc. GES, -0.99% rallied more than 12% in the extended session Wednesday after the retailer reported fiscal 2019 second-quarter per-share earnings above expectations and said it was “confident” that a “turnaround has only just begun.” Guess said it earned $25.5 million, or 31 cents a share, in the quarter, compared with $15.2 million, or 18 cents a share, in the year-ago period. Adjusted for one-time items, Guess earned $29.5 million, or 36 cents a share, compared with $16.1 million, or 19 cents a share, a year ago. Revenue rose 14% to $646 million, compared with $568 million a year ago. Analysts polled by FactSet had expected adjusted earnings of 36 cents a share on sales of $651 million. Guess shares ended the regular session down 1%.

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