Steven Madden Ltd (SHOO) revealed earnings for first quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $40.42 million, or $0.57 per share. This compares with $43.93 million, or $0.60 per share, last year.
Excluding items, Steven Madden Ltd reported adjusted earnings of $42.39 million or $0.60 per share for the period.
Analysts on average had expected the company to earn $0.46 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 0.1% to $551.382 million from $550.567 million last year.
Steven Madden Ltd earnings at a glance (GAAP) :
-Earnings: $40.42 Mln. vs. $43.93 Mln. last year.
-EPS: $0.57 vs. $0.60 last year.
-Revenue: $551.382 Mln vs. $550.567 Mln last year.
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