Brown Shoe Company (BWS)

Brown Shoe Company, Inc. BWS is up sharply this afternoon, gaining more than 18% on heavy volume. The company reported better than expected earnings this morning and investors are pleased with it. The company said it earned 42 cents a share, on revenues of $716.1 million. Excluding certain items, the company earned 45 cents per share, 5 cents better than Wall Street anticipated. Wall Street was expecting $698.1 million revenues. The company also guided significantly higher than where Wall Street was expecting. It expects earnings of $1 to $1.05 a share this year and $1.31 to $1.43 a share next year. Wall Street expects 90 cents a share this year and $1.03 a share next year.