
Guess falls as higher costs weigh on Q3 margins

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Guess shares fell 1.1% premarket due to Q3 margin weakness, with operating margin dropping to 2.9% from 5.7% last year. The U.S. dollar's strength negatively impacted operating profit by $3 million. Q3 revenue was $791.4 million, above estimates, with adjusted EPS at $0.35. The company suspended financial guidance amid a pending take-private deal with Authentic Brands. GES stock is up 21.27% YTD.

