Caleres Inc. Earnings Fall 1% In Q3

(RTTNews) - Caleres Inc. (CAL) announced a profit for third quarter that fell from last year.

The company said its profit came in at $34.39 million, or $0.80 per share. This was lower than $34.73 million, or $0.81 per share, in last year's third quarter.

Analysts had expected the company to earn $0.85 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.8% to $774.66 million. This was up from $732.23 million last year.

Caleres Inc. earnings at a glance:

-Earnings (Q3): $34.39 Mln. vs. $34.73 Mln. last year. -Earnings Decline (Y-o-Y): -1.0% -EPS (Q3): $0.80 vs. $0.81 last year. -EPS Decline (Y-o-Y): -1.2% -Analysts Estimate: $0.85 -Revenue (Q3): $774.66 Mln vs. $732.23 Mln last year. -Revenue Change (Y-o-Y): 5.8%

-Guidance: Next quarter revenue guidance: $2.7B to $2.8B Full year revenue guidance: $2.10 to $2.20