Genesco: Fiscal 3Q Earnings Snapshot
NASHVILLE, Tenn. (AP) _ Genesco Inc. (GCO) on Thursday reported fiscal third-quarter net income of $14.4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Nashville, Tennessee-based company said it had profit of 73 cents. Earnings, adjusted for one-time gains and costs, came to 95 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.
The seller of footwear, hats, clothing and accessories posted revenue of $713.1 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $713.8 million.
Genesco expects full-year earnings in the range of $3.10 to $3.40 per share.
Genesco shares have increased 32 percent since the beginning of the year. The stock has climbed 53 percent in the last 12 months.