LONG ISLAND CITY, N.Y. (AP) — LONG ISLAND CITY, N.Y. (AP) — Steven Madden Ltd. (SHOO) on Wednesday reported fourth-quarter earnings of $34.8 million.
On a per-share basis, the Long Island City, New York-based company said it had profit of 49 cents. Earnings, adjusted for non-recurring costs, were 55 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.
The footwear and accessories retailer posted revenue of $582.3 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $548.6 million.
Steven Madden expects full-year earnings to be $2.30 to $2.40 per share.
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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 SHOO at https://www.zacks.com/ap/SHOO
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