Caleres Inc. Q4 Profit Increases, beats estimates

(RTTNews) - Caleres Inc. (CAL) announced a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $55.808 million, or $1.57 per share. This compares with $40.808 million, or $1.13 per share, in last year's fourth quarter.

Excluding items, Caleres Inc. reported adjusted earnings of $30.751 million or $0.86 per share for the period.

Analysts on average had expected the company to earn $0.85 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.1% to $697.123 million from $696.434 million last year.

Caleres Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $55.808 Mln. vs. $40.808 Mln. last year. -EPS (Q4): $1.57 vs. $1.13 last year. -Revenue (Q4): $697.123 Mln vs. $696.434 Mln last year.