Plus   Neg

DSW Pulls Back Off Best Levels But Remains Firmly Positive

After gapping open sharply higher, shares of DSW Inc. (DSW) have pulled back off their best levels of the day but remain firmly positive in afternoon trading on Tuesday. DSW is currently up by 10.8 percent after ending the previous session at a seven-month closing low.

The initial jump by DSW came after the footwear and accessories retailer reported better than expected fiscal third quarter results and raised its full-year guidance.

DSW reported third quarter adjusted earnings of $0.70 per share on revenues of $833 million compared to analyst estimates for earnings of $0.52 per share on revenues of $795 million.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration or FDA announced on its website that pharma major Pfizer, Inc. issued recall of two lots of tablets meant to treat acute migraine in adults for concerns over bacteria infection. The pharma company is recalling two lots of Relpax (eletriptan hydrobromide) 40 mg tablets for potential presence of Genus Pseudomonas and Burkholderia bacteria. Cosmetics company Revlon Inc. (REV) is reportedly considering a potential sale of parts or all of its business. According to Bloomberg, Revlon has retained financial advisers from Goldman Sachs Group Inc. to explore strategic alternatives. No deal has been reached yet, but Revlon is exploring all... China's Lenovo Group Ltd. warned it may have to raise prices of its products if the U.S. moves ahead with the decision to impose additional tariffs on Chinese goods, according to a report by Reuters. The warning by Lenovo, the world's largest PC maker, comes amid the escalating trade war between the U.S. and China that has raised concerns about the global economic outlook.
Follow RTT