India, May 30 -- Shoe Carnival Inc. (SCVL) revealed earnings for first quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $9.34 million, or $0.34 per share. This compares with $17.28 million, or $0.63 per share, last year.
Analysts on average had expected the company to earn $0.3 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 7.5% to $277.71 million from $300.36 million last year.
Shoe Carnival Inc. earnings at a glance (GAAP) :
-Earnings: $9.34 Mln. vs. $17.28 Mln. last year.-EPS: $0.34 vs. $0.63 last year.-Revenue: $277.71 Mln vs. $300.36 Mln last year.
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