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Why DSW Inc. Stock Popped Today

TheMotleyFool

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Why DSW Inc. Stock Popped TodayPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/add1012b-1b24-4eb2-aba0-77ab52c7f8ad.png

Shares of DSW Inc. (NYSE: DSW) were up 21.1% as of 10:43 a.m. EDT Tuesday after the footwear retailer announced strong second-quarter 2017 results.

DSW's quarterly revenue climbed 3.3% year over year to $680.4 million, bolstered by a 0.6% increase in comparable sales. On the bottom line, that translated to 8.6% growth in adjusted earnings per share to $0.38. By comparison, analysts' consensus estimates predicted lower adjusted earnings of $0.29 per share on revenue of $666.1 million.

IMAGE SOURCE: DSW.

Source: Fool.com