Saturday, May 26, 2012

Shoe retailer DSW beats expectations

Footwear retailer DSW Inc posted first-quarter results above analysts' estimates, helped by a strong performance at its namesake stores, prompting the company to raise its full-year profit outlook. Photo: DSWDSW, which sells branded footwear for men and women at discounted rates, now expects to earn between $3.25 and $3.40 per share for the full year. It earlier forecast a profit of $3.20 to $3.35 per share. Analysts on average were expecting earnings of $3.31 per share, according to Thomson

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