Shoe Carnival Inc. (SCVL) shares rose more than 10% in the extended session Tuesday after the company's earnings slightly topped Wall Street projections. Shoe Carnival reported fiscal fourth-quarter net income of $1.4 million, or 9 cents a share, compared with losses of $3.9 million, or 24 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation and tax effects, among other items, earnings were 11 cents a share. Revenue fell to $234 million from $243.2 million in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 6 cents a share on revenue of $233 million. For the full year, the company said it expects earnings of $2.60 to $2.70 a share and sales of roughly $1.04 billion. Analysts model earnings of $2.66 a share and sales of $1.04 billion. Shoe Carnival stock has gained 20% in the past year, with the S&P 500 index rising 5.3%.
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March 26, 2019 16:35 ET (20:35 GMT)
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