Wolverine World Wide (WWW) revealed earnings for its third quarter that rose from the same period last year.
The company’s earnings totaled $58.9 million, or $0.60 per share. This compares with $22.8 million, or $0.24 per share, in last year’s third quarter.
Analysts had expected the company to earn $0.56 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter fell 3.9% to $558.6 million from $581.3 million last year.
Wolverine World Wide earnings at a glance:
-EPS (Q3): $0.62 vs. $0.43 last year.
-Analysts Estimate: $0.56
-Revenue (Q3): $558.6 Mln vs. $581.3 Mln last year.
Full year EPS guidance: $2.12 – $2.16
Full year revenue guidance: $2.24 Bln
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