Shoe Carnival Jumps on Q4 Results

Shoe Carnival

released its Q4 earnings results after the closing bell on Wednesday. The company reported earnings of $3.3 million or $0.24 per share, versus $4.4 million or $0.33 per share, in the year ago period. This compared to Wall Street consensus EPS estimates of $0.21. Sales for the fourth quarter were up 1.1 percent to $181.9 million compared to $179.9 million in last year's corresponding quarter. This compared to Street consensus revenue estimates of $180.91 million. Looking ahead, Shoe Carnival sees Q1 EPS between $0.75 and $0.78 versus current consensus estimates of $0.70. In Wednesday's after hours trading session, SCVL shares have jumped 7.55% to $28.50 on the back of the company's strong first quarter guidance.