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DSW Tops Q2 Expectation

By Warren Paige

Shares of DSW Inc. (NYSE: DSW) rallied on Tuesday after the footwear retailer reported 15% increase in fiscal second quarter net income, aided by higher sales. For the quarter which ended August 3, the Columbus OH based company posted a profit of $33.7 million or 73 cents a share compared to a net income of $29.3 million or 65 cents a share, in the same quarter of last year. Stripping out onetime items such as expenses linked to luxury test and legacy charges related to an acquisition of RVI, the adjusted earnings stood at 97 cents a share up from 66 cents a share, in the year-earlier quarter. Sales climbed 9.7% to $562.1 million. Analysts’ consensus estimate was for earnings of 80 cents a share on revenue of $560 million.

August 27th, 2013 | Tags: | Category: Large Cap Growth Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.