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UPDATE: DSW Q2 Profit Surges 15%

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DSW (NYSE: DSW) reported a 15% rise in its fiscal second-quarter profit.

DSW's quarterly profit surged to $33.7 million, or $0.73 per share, from $29.3 million, or $0.65 per share, in the year-ago period. Excluding one-time items, its adjusted earnings climbed to $0.97 from $0.66 per share.

Its sales gained 9.7% to $562.1 million. However, analysts were expecting earnings of $0.80 per share on revenue of $560 million.

DSW shares gained 2% to $82.95 in pre-market trading.

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