Steven Madden: 2Q Earnings Snapshot
LONG ISLAND CITY, N.Y. (AP) _ Steven Madden Ltd. (SHOO) on Tuesday reported second-quarter net income of $36.6 million.
On a per-share basis, the Long Island City, New York-based company said it had net income of 44 cents. Earnings, adjusted for one-time gains and costs, were 47 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The footwear and accessories retailer posted revenue of $445 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $420.2 million.
Steven Madden shares have increased 11% since the beginning of the year. The stock has declined 5.5% in the last 12 months.