Shoe Carnival Inc. (SCVL) reported first quarter EPS of $0.47 after the close Thursday, down from $0.54 in the prior year period. The consensus estimate was for EPS of $0.41. The company expects to report second quarter EPS of $0.26 to $0.30. The consensus estimate is for EPS of $0.28.
Shoe Carnival gapped up Friday and spiked higher in early trade, before settling into a range. Shares finished up by 2.25 at $24.46 on above average volume. The stock closed challenging the highs of the year, trading at a 7-month high.
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