Brown Shoe (BWS) Swings To Profit, Beats Estimates

Brown Shoe Company Inc BWS on Wednesday morning released financial results that easily beat Wall Street expectations. Brown Shoe Company Inc reported that it swung to 1st quarter net earnings of $11.2 million, or 26 cents per share, from a net loss of $5.9 million, or 14 cents per share, a year earlier. Net sales of $597.7 million were reported by Brown Shoe Company Inc, up 10.9% from $538.7 million a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 13 cents per share.