Caleres Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Caleres Inc. (CAL) revealed a profit for its second quarter that rose from the same period last year.

The company's earnings came in at $25.34 million, or $0.61 per share. This compares with $23.65 million, or $0.55 per share, in last year's second quarter.

Excluding items, Caleres Inc. reported adjusted earnings of $25.79 million or $0.62 per share for the period.

Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.5% to $752.49 million from $706.61 million last year.

Caleres Inc. earnings at a glance:

-Earnings (Q2): $25.79 Mln. vs. $25.62 Mln. last year. -EPS (Q2): $0.62 vs. $0.59 last year. -Analysts Estimate: $0.58 -Revenue (Q2): $752.49 Mln vs. $706.61 Mln last year.