Steve Madden Ltd. (SHOO) said its third-quarter net income rose to $17.83 million or $0.97 per share from $11.09 million or $0.62 per share last year. On average, 5 analysts polled by Thomson Reuters expected earnings per share of $0.97 for the quarter. Analysts' estimate typically excludes one-time items.
Net sales for the third quarter grew to $140.14 million from $128.09 million in the comparable period. Two analysts estimated revenues of $139.93 million for the quarter.
For fiscal 2009, the company expects net sales to increase in the range of 7%-8% compared with the year-ago period. Earnings per share for 2009 is expected to be in the range of $2.55 - $2.65. Five analysts estimate fiscal 2009 earnings per share of $2.64 for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.