Genesco: Fiscal 3Q Earnings Snapshot
Posted December 4, 2020 7:04 am.
Last Updated December 4, 2020 7:08 am.
This article is more than 5 years old.
NASHVILLE, Tenn. (AP) _ Genesco Inc. (GCO) on Friday reported fiscal third-quarter earnings of $7.5 million.
The Nashville, Tennessee-based company said it had net income of 52 cents per share. Earnings, adjusted for one-time gains and costs, came to 85 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.
The seller of footwear, hats, clothing and accessories posted revenue of $479.3 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $456.6 million.
Genesco shares have decreased 36% since the beginning of the year. The stock has dropped 16% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GCO at https://www.zacks.com/ap/GCO
The Associated Press
