DSW: Fiscal 2Q Earnings Snapshot
COLUMBUS, Ohio (AP) _ DSW Inc. (DSW) on Tuesday reported a fiscal second-quarter loss of $38.4 million, after reporting a profit in the same period a year earlier.
The Columbus, Ohio-based company said it had a loss of 48 cents per share. Earnings, adjusted for non-recurring costs and asset impairment costs, were 63 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The footwear and accessories retailer posted revenue of $795.3 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $693.8 million.
DSW expects full-year earnings in the range of $1.60 to $1.75 per share.
DSW shares have climbed 27 percent since the beginning of the year. The stock has climbed 36 percent in the last 12 months.