Caleres Inc. (CAL) released earnings for second quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line totaled $29.96 million, or $0.85 per share. This compares with $33.94 million, or $0.95 per share, in last year's second quarter.
Excluding items, Caleres Inc. reported adjusted earnings of $29.96 million or $0.85 per share for the period.
Analysts on average had expected the company to earn $1.22 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 1.8% to $683.32 million from $695.53 million last year.
Caleres Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $29.96 Mln. vs. $33.94 Mln. last year.
-EPS (Q2): $0.85 vs. $0.95 last year.
-Revenue (Q2): $683.32 Mln vs. $695.53 Mln last year.
-Guidance:
Next quarter EPS guidance: $1.30 - $1.40
Full year EPS guidance: $4.00 - $4.15
For comments and feedback: editorial@rttnews.com