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March 26, 2019, 4:35 p.m. EDT

Shoe Carnival stock jumps more than 10% after earnings beat

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By MarketWatch

Shoe Carnival Inc. /zigman2/quotes/203407380/composite SCVL -6.98% shares rose more than 10% in the extended session Tuesday after the company's earnings slightly topped Wall Street projections. Shoe Carnival reported fiscal fourth-quarter net income of $1.4 million, or 9 cents a share, compared with losses of $3.9 million, or 24 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation and tax effects, among other items, earnings were 11 cents a share. Revenue fell to $234 million from $243.2 million in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 6 cents a share on revenue of $233 million. For the full year, the company said it expects earnings of $2.60 to $2.70 a share and sales of roughly $1.04 billion. Analysts model earnings of $2.66 a share and sales of $1.04 billion. Shoe Carnival stock has gained 20% in the past year, with the S&P 500 index /zigman2/quotes/210599714/realtime SPX -4.42% rising 5.3%.

/zigman2/quotes/203407380/composite
US : U.S.: Nasdaq
$ 29.97
-2.25 -6.98%
Volume: 189,510
Feb. 27, 2020 4:00p
P/E Ratio
10.93
Dividend Yield
1.13%
Market Cap
$425.37 million
Rev. per Employee
$220,899
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/zigman2/quotes/210599714/realtime
US : S&P US
2,978.76
-137.63 -4.42%
Volume: 3.94B
Feb. 27, 2020 5:20p
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