COLUMBUS, Ohio (AP) _ DSW Inc. (DSW) on Tuesday reported fiscal third-quarter net income of $4 million.
On a per-share basis, the Columbus, Ohio-based company said it had profit of 5 cents. Earnings, adjusted for one-time gains and costs, came to 45 cents per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.
The footwear and accessories retailer posted revenue of $708.3 million in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $709.7 million.
DSW expects full-year earnings in the range of $1.40 to $1.45 per share.
DSW shares have fallen 0.5 percent since the beginning of the year. The stock has fallen nearly 2 percent in the last 12 months.
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