Shoe Carnival Inc. which sells shoes and accessories, on Thursday reported a fourth-quarter profit, helped by lower expenses and improving sales. Shoe Carnival trades on the “NASDAQ” under the stock symbol “SCVL”. For the Latest information regarding “SCVL”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Shoe Carnival Inc. (NASDAQ:SCVL), which sells shoes and accessories, on Thursday reported a fourth-quarter profit, helped by lower expenses and improving sales.
The company also forecast first-quarter results better than analysts are predicting, and its shares rose 8 percent.
The company's profit for the three months ended Jan. 30 totaled $2.6 million, or 20 cents per share, compared with a loss of $3 million, or 24 cents per share, in the period a year earlier. Analysts polled by Thomson Reuters, on average, expected a profit of 12 cents per share.
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