Today’s Top Stock Earnings Surprises (GES, JAS, TIVO)

Shares of Guess?, Inc. (NYSE:GES) plunged 12%  to $33.68 after the jeans maker forecasted full-year earnings, which were below the analysts’ estimates.

Subscribe to daily free stock newsletter by visiting:  http://www.PennyStockPickReport.com

During the fiscal second quarter, the company earned $66.8 million or 72 cents a share, compared with earnings of $59.6 million or 64 cents a share, in the year ago quarter.

Revenue grew 10% to $577.1 million, compared with sales of $522.42 million in the same quarter last year. Gross margin slid to 43.7%, down from 44.4% in the year-ago quarter.

Analysts were expecting the company to post earnings of 68 cents a share on revenue of $576.38 million.

For the current quarter, the company raised revenue outlook, to $565 - $580 million from a prior $560 - $575 million range, but reducing its profit view to a range of 55 - 58 cents, as operating margin is expected to fall to 13.5% of sales, versus a prior 16% estimate.

For the year, Guess is expecting to make $2.35 to $2.4 billion in revenue and $2.80 to $2.85 a share in profit, analysts currently expect the company to report $2.4 billion and $2.92.

Jo-Ann Stores, Inc. (NYSE:JAS) jumped as much as 12.40% after the company posted a solid second quarter earnings and lifted its full year 2011 outlook.

During the recent quarter the company earned $5.4 million, or 20 cents per share, reversing a loss of $3.2 million, or 13 cents per share, in the corresponding quarter last year. Revenue jumped 4.7% to $439.3 million from $419.4 million.

Analysts were eyeing the company to report earnings of 2 cents a share on revenue of $437.08 million.

For the full year 2011, the company upped its profit forecast to a range of $3.20 - $3.35 per share, from its previous guidance in the range of $2.95 - $3.10 a share. Analysts, on average, expected the company to report earnings of 2 cents per share on revenue of $437.08 million.

Subscribe to daily free stock newsletter by visiting:  http://www.PennyStockPickReport.com

TiVo Inc. (NASDAQ:TIVO) shares slid 1.95% despite the company posted a lower than expected loss in the second-quarter.

The company said that its loss widened to $15.3 million, or 13 cents a share, from $2.7 million, or 3 cents a share, in the year-earlier quarter. Revenue also fell to $51.5 million from $57.6 million in the same quarter last year.

Analysts were projecting the company to post a loss of 15 cents a share on revenue of $41.93 million.

For the current quarter, TiVo expects a loss in the range of $19 million to $21 million.

About http://www.PennyStockPickReport.com

Penny Stock Pick Report offers stock newsletter on OTC, PINKSHEETS ,OTCBB, AMEX, NASDAQ and NYSE stock exchange. Our subscribers receive daily up to date stock information on top stocks, most active movers, top gainers, penny stocks and much more. If you wish to feature your organization on our website then you can contact us at the email given below.