Wolverine: Q3 Earnings Snapshot
By AP News
Published - Nov 07, 2024, 06:49 AM ET
Last Updated - Dec 16, 2024, 05:36 PM EST
ROCKFORD, Mich. (AP) — ROCKFORD, Mich. (AP) — Wolverine World Wide Inc. (WWW) on Thursday reported third-quarter profit of $23.6 million.
On a per-share basis, the Rockford, Michigan-based company said it had net income of 28 cents. Earnings, adjusted for non-recurring costs, were 29 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The footwear maker posted revenue of $440.2 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $421.6 million.
