Caleres Inc. (CAL) on Tuesday reported fiscal second-quarter net income of $51.2 million.
The St. Louis-based company said it had net income of $1.38 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.
The footwear wholesaler and retailer posted revenue of $738.3 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $736 million.
Caleres Inc. expects full-year earnings to be $4.20 to $4.40 per share.
Caleres Inc. shares have risen 31% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $29.79, a climb of 26% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAL at https://www.zacks.com/ap/CAL
