Caleres Inc. Q1 adjusted earnings Inline With Estimates

(RTTNews) - Caleres Inc. (CAL) reported earnings for first quarter that dropped from the same period last year.

The company's earnings totaled $9.08 million, or $0.22 per share. This compares with $17.21 million, or $0.40 per share, in last year's first quarter.

Excluding items, Caleres Inc. reported adjusted earnings of $15.04 million or $0.36 per share for the period.

Analysts had expected the company to earn $0.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.2% to $677.75 million from $632.14 million last year.

Caleres Inc. earnings at a glance:

-Earnings (Q1): $15.04 Mln. vs. $18.53 Mln. last year. -EPS (Q1): $0.36 vs. $0.43 last year. -Analysts Estimate: $0.36 -Revenue (Q1): $677.75 Mln vs. $632.14 Mln last year.