Caleres Climbs 8% After Turning To Profit In Q4

Shares of footwear brand Caleres, Inc. (CAL) are rising 8 percent on Wednesday's trading after the company turned to profit in its fourth quarter.

The company posted fourth-quarter net earnings of $33.9 million or $0.88 per share, compared to net loss of $77.0 million or $2.11 per share in the fourth quarter of last year.

Adjusted income was $34.9 million or $0.91 per share compared to adjusted income of $1.3 million or $0.03 per share in the same period a year ago.

Revenues rose to $679.3 million from $570.9 million last year.

Currently at $21.33, the stock has traded between $17.24 and $29.36 during the past 52 weeks.

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