Guess Shares Bounce Back, Down 3% After Weak Guidance, Upped Buyback (GES)

Guess?, Inc. GES shares have come back off their lows, and are now trading at $43 in after-hours trading, after having fallen to $38 after reporting weaker than expected earnings for 2011.

The company raised its buyback for 2011, so this is adding to share price support at these levels.

The company just said on its conference call to discuss the earnings that the North American business is not living up to the company's expectations.