Steven Madden: 3Q Earnings Snapshot
Steven Madden: 3Q Earnings Snapshot
LONG ISLAND CITY, N.Y. (AP) _ Steven Madden Ltd. (SHOO) on Tuesday reported third-quarter earnings of $55.6 million.
On a per-share basis, the Long Island City, New York-based company said it had net income of 64 cents. Earnings, adjusted for restructuring costs, were 65 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The footwear and accessories retailer posted revenue of $458.5 million in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $470.2 million.
Steven Madden expects full-year earnings in the range of $1.76 to $1.78 per share.
Steven Madden shares have declined slightly more than 6 percent since the beginning of the year. The stock has decreased 1 percent 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 SHOO at https://www.zacks.com/ap/SHOO