EmailWolverine (WWW $33.25 ) reported third quarter earnings of $0.82 per
share, $0.07 better than the Capital IQ Consensus Estimate of $0.75.
Revenues rose 12.9% year/year to $361.6 million versus the $358.1 million
consensus.
For fiscal year 2011, the company expects to see earnings guidance of $2.46 to
$2.52 versus the $2.49 Capital IQ Consensus Estimate and above prior guidance of
$2.40 to 2.50; sees fiscal year 2011 revenue of $1.40 billion to $1.43 billion
versus the $1.42 billion Capital IQ Consensus Estimate and above prior guidance
of $1.38 billion to $1.42 billion.
Additionally, company reports Gross margin expanded 44 basis points to a record
40.6%. The company repurchased 948,000 of its own shares in the quarter at an
average price of $34.45, or an aggregate cost of $32.7 million.
than one year.
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