Brown Shoe Co. (BWS) reported first quarter adjusted EPS of $0.23 Friday morning, up from $0.16 in the prior year period. The consensus estimate was for EPS of $0.09. The company also increased its full year EPS forecast to between $0.83 and $0.95. The consensus estimate is for EPS of $0.86.
Brown Shoe gapped open higher Friday and rose steadily until mid-morning. The stock climbed further going into the close and finished up by 2.23 at $10.99, with volume at over an 8-month high. Brown Shoe surged to a 2-month high and re-crossed its 50-day moving average.
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