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Shoe Carnival Q4 Profit Tops Estimates; Guides Q1 Above Consensus

Shoe Carnival, Inc. (SCVL) reported fourth quarter net income of $3.3 million or $0.24 per share, down from last year's $4.4 million or $0.33 per share.

On average, 6 analysts polled by Thomson Reuters expected the company to earn $0.21 per share for the quarter. Analysts' estimates typically excludes one-time items.

Net sales for the quarter increased to $181.9 million from $179.9 million last year. Analysts expected revenues of $180.91 million for the quarter.

Comparable store sales decreased 3.0 percent from the year ago quarter.

Looking forward to the first quarter of fiscal 2012, the company expects to earn $0.75-$0.78 per share on net sales of $219 million to $222 million.

Analysts expect the company to earn $0.70 per share on revenues of $207.69 million in the first quarter of fiscal 2012.

by RTTNews Staff Writer

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