DSW Inc. (DSW) reported first quarter adjusted net income of $0.98 per share Tuesday morning, compared to $0.87 per share in the prior year period. The consensus estimate was for EPS of $0.90. The company also increased its full year EPS forecast to between $3.25 and $3.40, from prior expectations of $3.20 to $3.35. The consensus estimate is for EPS of $3.31.
DSW Inc. gapped open sharply higher Tuesday and climbed in early trade, but settled into a range for the majority of the session. The stock ended the day higher by 5.43 at $61.23, with volume at over a 4-month high. DSW surged past resistance and set a new high for the year.
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