Caleres Inc.: Fiscal Q3 Earnings Snapshot
ST LOUIS (AP) — ST LOUIS (AP) — Caleres Inc. (CAL) on Tuesday reported fiscal third-quarter profit of $46.9 million.
On a per-share basis, the St. Louis-based company said it had net income of $1.32. Earnings, adjusted for non-recurring costs, came to $1.37 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The footwear wholesaler and retailer posted revenue of $761.9 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $771.7 million.
Caleres Inc. expects full-year earnings in the range of $4.10 to $4.20 per share.
Caleres Inc. shares have risen 23% since the beginning of the year. The stock has decreased 0.5% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAL at https://www.zacks.com/ap/CAL
