Shares of footwear retailer Caleres (NYSE: CAL) spiked today after the company reported first-quarter results that beat Wall Street's top- and bottom-line consensus estimates. Investors were also reacting to the fact that the company raised its earnings outlook for the full year.
The stock had spiked by 26.4% at 10:54 a.m. ET.
Caleres reported adjusted earnings per share of $1.32 in the first quarter, a huge increase from $0.16 in the year-ago quarter and far outpacing analysts' consensus estimate of $0.83 per share.
For further details see:
Why Caleres Stock Is Soaring Today