Guess profit falls 9.1% on charge

San Francisco -- Guess reported Wednesday that profit for the second quarter dipped 9.1% on a hefty settlement charge.



The retailer said that net income fell to $60.7 million from $66.8 million, as it was hit by a $19.5 million settlement charge.



Revenue for the quarter rose 17% to $677.2 million from $577.1 million, beating analysts’ estimates.