LONG ISLAND CITY, N.Y. (AP) _ Steven Madden Ltd. (SHOO) on Friday reported first-quarter net income of $20.2 million.
The Long Island City, New York-based company said it had profit of 35 cents per share. Earnings, adjusted for non-recurring costs, were 47 cents per share.
The results beat
The footwear and accessories retailer posted revenue of $366.4 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $359.5 million.
Steven Madden expects full-year earnings in the range of $2.12 to $2.18 per share.
Steven Madden shares have risen roughly 4 percent since the beginning of the year. The stock has climbed almost 1 percent in the last 12 months.
Keywords: Steven Madden, Earnings Report
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