DSW Pulls Back Off Best Levels But Remains Firmly Positive

(RTTNews) - After gapping open sharply higher, shares of DSW Inc. (DSW) have pulled back off their best levels of the day but remain firmly positive in afternoon trading on Tuesday. DSW is currently up by 10.8 percent after ending the previous session at a seven-month closing low.

The initial jump by DSW came after the footwear and accessories retailer reported better than expected fiscal third quarter results and raised its full-year guidance.

DSW reported third quarter adjusted earnings of $0.70 per share on revenues of $833 million compared to analyst estimates for earnings of $0.52 per share on revenues of $795 million.