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DSW's stock soars after post-earnings call as CEO clarifies upbeat revenue guidance

Shares of DSW Inc. DSW, +9.64% shot up 9.five% in midday industry, within the wake of fiscal fourth-quarter results and an upbeat earnings outlook, a dividend hike and introduced plans to exit Ebuys. The inventory had first of all dropped as much as five.1% in premarket industry after the results had been released, as profit beat while earnings missed, some traders may have misinterpreted the 2018 earnings enlargement steerage. CEO Roger Rawlins mentioned at the post-earnings conference call that 2018 total earnings is anticipated "to increase in the 2% to 4% range," in keeping with a transcript supplied by way of FactSet. That compares favorably to the FactSet earnings enlargement consensus of 1.eight%. Meanwhile, within the income press releases, the corporate mentioned it expects 2018 "revenue growth to decrease by 1% to 3%," following 2017 earnings enlargement of 3.three%. DSW's inventory has now won 0.9% over the last three months, while the S&P 500 SPX, -0.09% has complicated 4.five%.