UPDATE: DSW Q2 Profit Surges 15%

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.