Steven Madden gains after Q3 profit, revenue beat

Steven Madden

02/11/2022 14:36

** Shares of footwear maker Steven Madden Ltd  SHOO.O  rise
~0.6% to $30 in morning trading 
    ** Co's revenue in Q3 rises 5.3% to $556.6 mln vs analysts
estimates of $532 mln, according to Refinitiv IBES data 
    ** On a per share basis, Q3 adjusted profit of 79 cents
comes in a touch above Street estimates of 78 cents
    ** "While we expect the macroeconomic backdrop to remain
unpredictable in the coming quarters, we believe we are
well-positioned" - CEO Edward Rosenfeld
    ** Co expects adjusted FY22 EPS between $2.77 and $2.82,
below Wall Street estimates of $2.89
    ** Including session's gain, shares down ~35.5% YTD
 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))