Wolverine World Wide Q2 adjusted earnings Beat Estimates

(RTTNews) - Wolverine World Wide (WWW) reported a profit for its second quarter that climbed from the same period last year.

The company's profit came in at $55.3 million, or $0.57 per share. This compares with $20.7 million, or $0.21 per share, in last year's second quarter.

Analysts had expected the company to earn $0.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.3% to $566.9 million from $598.8 million last year.

Wolverine World Wide earnings at a glance:

-EPS (Q2): $0.54 vs. $0.43 last year. -Analysts Estimate: $0.46 -Revenue (Q2): $566.9 Mln vs. $598.8 Mln last year.

-Guidance: Full year EPS guidance: $2.08 - $2.15 Full year revenue guidance: $2.24 - $2.32 Bln