LONG ISLAND CITY, N.Y. (AP) _ Steven Madden Ltd. (SHOO) on Friday reported first-quarter earnings of $28.7 million.
On a per-share basis, the Long Island City, New York-based company said it had profit of 50 cents. Earnings, adjusted for non-recurring costs and restructuring costs, came to 54 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The footwear and accessories retailer posted revenue of $389 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $380.3 million.
Steven Madden expects full-year earnings in the range of $2.60 to $2.67 per share.
Steven Madden shares have decreased 0.5 percent since the beginning of the year. The stock has risen 27 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHOO at https://www.zacks.com/ap/SHOO