** charts before earnings **
** charts after earnings **
- DSW misses 1Q profit forecasts
COLUMBUS, Ohio (AP) _ DSW Inc. (DSW) on Tuesday reported fiscal first-quarter net income of $23 million.
The Columbus, Ohio-based company said it had profit of 28 cents per share. Earnings, adjusted for one-time gains and costs, were 32 cents per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.
The footwear and accessories retailer posted revenue of $691.1 million in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $686.2 million.
DSW expects full-year earnings in the range of $1.45 to $1.55 per share.
DSW shares have dropped 22 percent since the beginning of the year. The stock has decreased 17 percent in the last 12 months.
No comments:
Post a Comment