Shoe Carnival Q3 Profit Tops View

(RTTNews) - Shoe Carnival Inc (SCVL) Monday reported third-quarter net income of $10.8 million or $0.54 per share, compared with last year's profit of $10.9 million or $0.54 per share last year.

Net sales for the quarter rose to $254.7 million from $235.8 million last year.

Analysts polled by Thomson Reuters estimated earnings of $0.48 per share on revenues of $248.83 million for the quarter. Analysts' estimates typically exclude special items.

Looking forward to the fourth quarter, the company expects earnings of $0.06 to $0.10 per share and sales of $218 million to $222 million. Analysts currently estimate earnings of $0.09 per share on revenues of $217.5 million for the quarter.