Genesco profit up 56%, lifts 2013 view
Posted: Fri Nov 30, 2012 12:40 pmGenesco profit up 56%, lifts 2013 view
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- Genesco Inc. said Friday its third-quarter profit increased to $41 million, or $1.71 a share, from $26.2 million, or $1.09 a share, in the year-ago period. Adjusted profit totaled $1.44 a share in the latest quarter. Sale rose 7.8% to $664.5 million from $616.5 million. Wall Street analysts expected Genesco to earn $1.33 a share on revenue of $659.9 million, according to a survey by FactSet. Genesco lifted its 2013 profit estimate to a range of $5.00 to $5.08 a share, compared to the analyst target of $5.02 a share. Genesco's earlier view was $4.88 a share to $5 a share. Shares of Genesco rose 0.7% in premarket trades,
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- Genesco Inc. said Friday its third-quarter profit increased to $41 million, or $1.71 a share, from $26.2 million, or $1.09 a share, in the year-ago period. Adjusted profit totaled $1.44 a share in the latest quarter. Sale rose 7.8% to $664.5 million from $616.5 million. Wall Street analysts expected Genesco to earn $1.33 a share on revenue of $659.9 million, according to a survey by FactSet. Genesco lifted its 2013 profit estimate to a range of $5.00 to $5.08 a share, compared to the analyst target of $5.02 a share. Genesco's earlier view was $4.88 a share to $5 a share. Shares of Genesco rose 0.7% in premarket trades,