SHOO Steve Madden tips off Q3 earnings miss, shares -9.2%
Steve Madden (NASDAQ:SHOO) slumps in early trading after posting preliminary Q3 results below expectations. The company says Q3 sales were $392M vs. $415M consensus. Q3 EPS is estimated to be $0.61-$0.62 vs. $0.67 consensus. On a dour note, execs cite a continued lack of significant footwear fashion trends. SHOO -9.2% premarket.
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