Rochester,NY 9/1/2009 9:10:23 PM
DSW Inc. DSW, Analysts Laud Progress at DSW
DSW Inc.
Analysts applauded the leadership of DSW Inc.’s recently appointed president and CEO, Michael MacDonald, despite an earnings decline during the second quarter.
"DSW did something in this quarter that it hasn’t done in a long time, which is to batten down the hatches on costs," said an analyst for Susquehanna Financial Group. "That was certainly encouraging. Some of these things were in place before Mike got there, but he seems to have a much more cost-conscious approach to running the business day in and day out."
During the second quarter, the company’s profit dipped 31 percent. For the three months ended Aug. 1, the Columbus, Ohio-based company reported a net income of $7.6 million, or 17 cents a share, compared with $11 million, or 25 cents, in the second quarter of 2008. The results bested expectations of analysts polled by Yahoo Finance by 6 cents.
About Stock Einstein
StockEinstein uses proprietary technologies coupled with years of experience to uncover stocks we feel have the greatest potential for breakout performance. We utilize not only software, but time tested criteria to uncover these potential winners. When these benchmarks are reached or exceeded, our subscribers are immediately notified.
This service is free and available only to subscribers. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
Disclaimer: Full disclaimer at http://StockEinsteain.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses. Neither StockEinsteain, nor any of its affiliates are registered investment advisors or broker dealers.
