Guess first quarter beats estimates

U.S. clothing maker Guess Inc reported a quarterly profit that beat market expectations, helped by fewer discounts at its North American retail business and higher sales in Asia, sending its shares up about 6 percent in after-market trade. Photo: GuessFirst-quarter profit fell to $26.6 million, or 30 cents per share, from $42.7 million, or 46 cents per share, last year.Sales at the company, which designs, markets, distributes and licenses apparel and accessories, fell about 2 percent to $579.3

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