Caleres Inc. Q2 Earnings Drop 11%

(RTTNews) - Caleres Inc. (CAL) announced a profit for second quarter that retreated compared to the same period last year.

The company said its earnings fell to $19.77 million, or $0.46 per share. This was down from $22.11 million, or $0.50 per share, in last year's second quarter.

Analysts had expected the company to earn $0.50 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.3% to $622.94 million. This was down from $637.83 million last year.

Caleres Inc. earnings at a glance:

-Earnings (Q2): $19.77 Mln. vs. $22.11 Mln. last year. -Earnings Decline (Y-o-Y): -10.6% -EPS (Q2): $0.46 vs. $0.50 last year. -EPS Decline (Y-o-Y): -8.0% -Analysts Estimate: $0.50 -Revenue (Q2): $622.94 Mln vs. $637.83 Mln last year. -Revenue Change (Y-o-Y): -2.3%

-Guidance: Full year EPS guidance: $2.00 to $2.10 Full year revenue guidance: $2.57 to $2.6 Bln