Steven Madden: 2Q Earnings Snapshot
LONG ISLAND CITY, N.Y. (AP) _ Steven Madden Ltd. (SHOO) on Tuesday reported second-quarter net income of $32.4 million.
The Long Island City, New York-based company said it had net income of 56 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 61 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The footwear and accessories retailer posted revenue of $395.8 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $390.4 million.
Steven Madden expects full-year earnings in the range of $2.60 to $2.67 per share.
Steven Madden shares have climbed 15 percent since the beginning of the year. The stock has climbed 30 percent in the last 12 months.