Wolverine World Wide Sees Q4 Revenue Above Consensus

(RTTNews) - Wolverine World Wide Inc. (WWW) said Monday that it expects to report fourth quarter revenue of about $808 million, representing growth of 9.1% compared to prior-year revenue of $741 million.

Analysts polled by Thomson Reuters currently expect the company to report revenue of $790.15 billion for the fourth quarter.

For the full year 2014, the company now expects revenue of about $2.76 billion, compared to its prior guidance of $2.745 billion. The company now forecasts full-year 2014 adjusted earnings to be at the high end of the previous guidance of $1.57 to $1.63 per share. The company still expects full year 2014 reported earnings to be in a range of $1.32 to $1.38 per share.

Analysts currently expect the company to earn $1.61 per share on revenue of $2.74 billion for the full year 2014. Analysts' estimates typically exclude special items.

Additionally, the company said it currently expects its full year 2015 adjusted earnings per share to be approximately flat compared to 2014. Analysts currently expect the company to earn $1.78 per share for the full year 2015.

The company expects to report full year 2014 results on February 17.