Wolverine World Wide Lowers FY19 Earnings Outlook - Quick Facts

(RTTNews) - While reporting financial results for the third quarter on Thursday, Wolverine World Wide, Inc. (WWW) lowered its earnings and adjusted earnings guidance for the full year 2019 to reflect estimated new tariff costs in the fourth quarter, while maintaining annual revenue outlook.

For fiscal 2019, the company now projects earnings of about $1.96 per share and adjusted earnings of about $2.25 per share, including $0.03 related to new tariffs on products expected to be sold in the fourth quarter.

Previously, the company expected earnings of about $2.06 per share and adjusted earnings of about $2.28 per share.

However, the company continues to expect revenues of about $2.28 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.27 per share on revenues of $2.28 billion for the year. Analysts' estimates typically exclude special items.