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Caleres beat Q1 earnings estimates but saw lower revenues, leading to a 6.24% stock increase.
Footwear company Caleres reported quarterly earnings of $0.33 per share, beating estimates of $0.27, but revenues were lower at $639.20 million compared to the expected $645.79 million.
The company's stock increased by 6.24% following the report.
Caleres has provided Q1 2025 earnings guidance of $0.35 to $0.40 per share and announced a quarterly dividend of $0.07 per share.
Despite an 8.3% year-over-year revenue decline, Caleres is projecting a range for full-year 2025 earnings of $2.80 to $3.20 per share.
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Caleres venció las estimaciones de ganancias del primer trimestre, pero vio ingresos más bajos, lo que llevó a un aumento de 6,24% de las acciones.