India, Feb. 19 -- Footwear maker Wolverine World Wide, Inc. (WWW), while reporting a profit in its fourth quarter compared to prior year's loss, despite weak revenues, on Wednesday issued fiscal 2025 outlook, expecting growth in earnings and revenues. However, the outlook is below market estimates.
In pre-market activity on the NYSE, Wolverine shares were losing around 5 percent to trade at $17.80.
For fiscal year 2025, the company expects earnings per share in the range of $0.95 to $1.10 and adjusted earnings per share in the range of $1.05 to $1.20.
In fiscal 2024, earnings per share were $0.58 and adjusted earnings per share were $0.91.
The Wall Street analysts on average expect the company to report earnings of $1.34 per share. Anal...