Guess sets special dividend of 2 $

SAN FRANCISCO (MarketWatch) -- Clothing retailer Guess Inc. reported late Tuesday its fiscal third-quarter 2011 net income rose 7.8% to $69.1 million or 75 cents a share, from $64.1 million, or 69 cents, a year ago. Revenue for the quarter ended Oct. 30 rose 17% to a record $613.9 million. Analysts surveyed by FactSet Research had predicted the Los Angeles-based company would report earnings of 59 cents a share on $578 million in sales, with the biggest percentage sales gains seen in Europe. The company also lifted its full-year earnings outlook to $3.02 to $3.06 a share from $2.80 to $2.85, raised its quarterly dividend 25% to 20 cents a share and announced it would pay a one-time dividend of $2.00 a share. Guess shares jumped 5.2% to $47.70 in after-hours trade. The stock is up nearly 25% over the past 12 months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.