November 30, 2016 / 9:57 PM / a year ago

BUZZ-Guess Inc: Cuts FY 2017 adj profit forecast

** Apparel retailer’s shares down 14.2 pct at $13.15 after market

** Reports lower-than-expected Q3 revenue, profit due to weak comparable sales in the United States, Canada

** Q3 Americas retail comp sales including e-commerce down 4.9 pct

** Cut FY 2017 adj profit forecast to 42 cents-52 cents per share, prev. outlook 62 cents-75 cents per share

** Previous guidance assumed better comparable sales in Americas retail segment for Q4 than now expected based on trends so far - CEO Victor Herrero

** Up to Wednesday’s close, stock had fallen 18.9 pct YTD

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