ROCKFORD, Mich. (AP) — ROCKFORD, Mich. (AP) — Wolverine World Wide Inc. (WWW) on Wednesday reported a loss of $14.5 million in its first quarter.
The Rockford, Michigan-based company said it had a loss of 19 cents per share. Earnings, adjusted for non-recurring costs, were 5 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 5 cents per share.
The footwear maker posted revenue of $394.9 million in the period.
Wolverine expects full-year earnings in the range of 65 cents to 85 cents per share, with revenue in the range of $1.68 billion to $1.73 billion.
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