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UPDATE: Genesco Posts Rise In Q4 Earnings


Genesco (NYSE: GCO) reported an 8.7% rise in its fiscal fourth-quarter earnings.

For the fiscal year, the company expects earnings of $5.40 to $5.55 per share, versus analysts' estimates of $5.65 per share.

Genesco's quarterly profit surged to $42.2 million, or $1.79 per share, versus a year-ago profit of $38.8 million, or $1.63 per share. Excluding special items, its earnings from continuing operations came in at $2.16 per share.

Its revenue declined 0.5% to $793 million. However, analysts were projecting earnings of $2.18 per share on revenue of $804 million.

Genesco shares closed at $72.95 yesterday.


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