Wolverine World Wide Q1 adjusted earnings Beat Estimates

(RTTNews) - Wolverine World Wide (WWW) reported a profit for its first quarter that increased from last year.

The company's profit totaled $46.6 million, or $0.48 per share. This compares with $16.8 million, or $0.17 per share, in last year's first quarter.

Analysts had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 9.7% to $534.1 million from $591.3 million last year.

Wolverine World Wide earnings at a glance:

-Earnings (Q1): . vs. . last year. -EPS (Q1): $0.50 vs. $0.37 last year. -Analysts Estimate: $0.37 -Revenue (Q1): $534.1 Mln vs. $591.3 Mln last year.

-Guidance: Full year EPS guidance: $ 2.00 - 2.10