Steven Madden: Q4 Earnings Snapshot
LONG ISLAND CITY, N.Y. (AP) — LONG ISLAND CITY, N.Y. (AP) — Steven Madden Ltd. (SHOO) on Wednesday reported fourth-quarter net income of $35.9 million.
On a per-share basis, the Long Island City, New York-based company said it had profit of 49 cents. Earnings, adjusted for non-recurring costs, were 61 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
The footwear and accessories retailer posted revenue of $519.7 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $510.8 million.
For the year, the company reported profit of $171.6 million, or $2.30 per share. Revenue was reported as $1.97 billion.
_____
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
