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DSW Makes Strides, Beats Street Q2 Earnings, Sales Estimates


DSW Inc. posted second quarter earnings of $0.37 a share on revenue of $587 million. Wall Street analysts were looking for $0.32 a share on sales of $565 million. Last year, the footwear retailer earned $0.49 a share on $558 million in revenue. Cash, short term and long term investments totaled $465 million at quarter end compared to $500 million at the end of the second quarter last year. The shoe seller also repurchased approximately 2 million shares for $55 million under its $100 million authorized share buyback plan, with $43 million of its current authorization remaining. TheStreet's Gregg Greenberg has details from New York.