Why DSW Inc. (DSW) Is Slipping on Tuesday
NEW YORK (TheStreet) -- DSW Inc.
By market close, shares had taken off 2.7% to $38.90.
The footwear retailer reported net income of 31 cents a share, 2 cents higher than analysts surveyed by Thomson Reuters had forecast.
However, revenue of $572 million was 3.7% lower year over year and missed analysts' estimates by $17.3 million. Comparable-store sales remained flat over the quarter.
For the current fiscal year, the company expects revenue growth of 6% to 7%, assuming sales between $2.54 billion and $2.56 billion. Full-year earnings are expected between $1.80 and $1.95 a share.
Analysts had expected fiscal earnings of $2.09 a share and revenue of $2.57 billion.
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