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Steven Madden: 1Q Earnings Snapshot

LONG ISLAND CITY, N.Y. (AP) _ Steven Madden Ltd. (SHOO) on Thursday reported first-quarter net income of $34.5 million.

On a per-share basis, the Long Island City, New York-based company said it had net income of 41 cents. Earnings, adjusted for non-recurring costs, were 42 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The footwear and accessories retailer posted revenue of $410.9 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $404.2 million.

Steven Madden expects full-year earnings in the range of $1.78 to $1.86 per share.

Steven Madden shares have increased 12 percent since the beginning of the year. The stock has increased 8 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