ROCKFORD, Mich. (AP) — ROCKFORD, Mich. (AP) — Wolverine World Wide Inc. (WWW) on Thursday reported third-quarter earnings of $8.6 million.
On a per-share basis, the Rockford, Michigan-based company said it had net income of 11 cents. Earnings, adjusted for non-recurring gains, came to 7 cents per share.
The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 7 cents per share.
The footwear maker posted revenue of $527.7 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $515.1 million.
Wolverine expects full-year earnings in the range of 5 cents to 10 cents per share, with revenue in the range of $2.24 billion to $2.25 billion.
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