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Caleres Inc. Earnings Advance In Q4

Caleres Inc. (CAL) revealed a profit for its fourth quarter that gained ground from last year.

The company said its bottom line climbed to $20.62 million, or $0.48 per share. This was higher than $14.27 million, or $0.33 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.8% to $702.47 million. This was up from $639.49 million last year.

Caleres Inc. earnings at a glance:

-Earnings (Q4): $20.62 Mln. vs. $14.27 Mln. last year.
-Earnings Growth (Y-o-Y): 44.5%
-EPS (Q4): $0.48 vs. $0.33 last year.
-EPS Growth (Y-o-Y): 45.5%
-Analysts Estimate: $0.44
-Revenue (Q4): $702.47 Mln vs. $639.49 Mln last year.
-Revenue Change (Y-o-Y): 9.8%

Full year EPS guidance: $2.40 to $2.50
Full year revenue guidance: $2.8 Bln

by RTT Staff Writer

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