By Josh Beckerman
Shoe Carnival Inc. /zigman2/quotes/203407380/composite SCVL -3.93% shares rose 8% to $40 after hours as the company reported a strong third quarter and increased its fiscal 2019 sales and earnings guidance.
Net sales rose 2% to $274.6 million, with comparable sales up 3.5%.
Shoe Carnival earned $13.7 million, or 94 cents a share, compared with $12 million, or 76 cents a share, a year earlier.
Shoe Carnival increased earnings guidance to $2.85 to $2.89 a share, from $2.77 to $2.83. It expects net sales of $1.033 billion to $1.036 billion.
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