UPDATE: DSW Reports Upbeat Q2 Profit, Lifts Full-Year Forecast

DSW Inc DSW reported upbeat quarterly profit and lifted its full-year forecast. DSW reported its Q2 profit at $139.9 million, or $3.96 per share, up from $26.9 million, or $1.00 per share, in the year-ago period. Excluding merger-related items, DSW earned $0.74 per share. Its sales climbed 14.7% to $476.3 million. However, analysts were expecting earnings of $0.63 per share on revenue of $459.4 million. DSW now projects annual diluted earnings of $2.70 to $2.85 per share for the full year, up from its earlier forecast of $2.65 to $2.80 per share. DSW's same-store sales jumped 12.3% during the quarter. DSW shares gained 1.67% to $48.00 in pre-market trading.