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0.00134498991257563 0.00420309347679892 -0.00201748486886356 0.00168123739071959 0.0218560860793544 0.0201748486886348 0.0467383994620041 0.0548083389374579
Stock impact report

Steve Madden shares soar nearly 10% after bullish outlook [MarketWatch]

Steven Madden, Ltd. (SHOO) 
Last steven madden, ltd. earnings: 2/27 06:59 am Check Earnings Report
Company Research Source: MarketWatch
Steve Madden shares soar nearly 10% after bullish outlook Steven Madden Ltd. SHOO, +2.37% shares soared 9.8% in Tuesday premarket trading after the accessories company gave bullish outlook. Steve Madden reported third-quarter net income of $55.6 million, or 64 cents per share, up from $44.2 million, or 51 cents per share, for the same period last year. Adjusted EPS was 65 cents, beating the 61-cent FactSet guidance. Sales of $458.5 million was up from $441.2 million but below the $473.0 million FactSet expectation. Steve Madden now expects sales to increase 6% to 7% for the year, narrowing the previous guidance of 5% to 7%. EPS is now expected to be in the range of $1.70 to $1.72, also narrowed from the previous $1.67 to $1.72. And adjusted EPS is now expected to be $1.76 to $1.78, the high end of the previous range of $1.73 to $1.78. Steve Madden shares have fallen 6.4% for the year to date while the S&P 500 index SPX, +0.39% is down 1.2% for the period. Have breaking news sen Show less Read more
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