Caleres shares set for best day in nearly three months on Q3 profit beat

Caleres

21/11/2023 18:08

** Shares of U.S.-based footwear company Caleres  CAL.N   up
10.3% at $30.3 
    ** Stock eyes best day since Aug. 31, touching over 4-year
highs
    ** Co posts Q3 adj. earnings of $1.37​​/shr, higher than
four analysts' estimates of $1.29/ shr - LSEG data
    ** CAL benefited from its Famous Footwear segment delivering
double digit operating margin, despite challenging consumer
demand
    ** Stock up 37.7% YTD




 (Reporting by Sruthi Narasimha Chari in Bengaluru)
 ((Sruthinarasimha.chari@thomsonreuters.com))