Caleres Inc. Q2 adjusted earnings Miss Estimates

(RTTNews) - Caleres Inc. (CAL) released a profit for its second quarter that advanced from last year.

The company's earnings came in at $23.65 million, or $0.55 per share. This compares with $17.60 million, or $0.41 per share, in last year's second quarter.

Excluding items, Caleres Inc. reported adjusted earnings of $25.62 million or $0.59 per share for the period.

Analysts had expected the company to earn $0.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.4% to $706.61 million from $676.95 million last year.

Caleres Inc. earnings at a glance:

-Earnings (Q2): $25.62 Mln. vs. $20.64 Mln. last year. -EPS (Q2): $0.59 vs. $0.48 last year. -Analysts Estimate: $0.60 -Revenue (Q2): $706.61 Mln vs. $676.95 Mln last year.

-Guidance: Full year EPS guidance: $2.40 to $2.50 Full year revenue guidance: $2.8 Bln