Wolverine: Q3 Earnings Snapshot

Associated Press Finance
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ROCKFORD, Mich. (AP) — ROCKFORD, Mich. (AP) — Wolverine World Wide Inc. (WWW) on Thursday reported third-quarter earnings of $8.6 million.

On a per-share basis, the Rockford, Michigan-based company said it had net income of 11 cents. Earnings, adjusted for non-recurring gains, came to 7 cents per share.

The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 7 cents per share.

The footwear maker posted revenue of $527.7 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $515.1 million.

Wolverine expects full-year earnings in the range of 5 cents to 10 cents per share, with revenue in the range of $2.24 billion to $2.25 billion.

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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 WWW at https://www.zacks.com/ap/WWW

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