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DSW’s stock soars after post-earnings call as CEO clarifies upbeat revenue guidance

“Meanwhile, in the earnings press releases, the company said it expects 2018 “revenue growth to decrease by 1% to 3%,” following 2017 revenue growth of 3.3%” writes Reporter Editor for That compares favorably to the FactSet revenue growth consensus of 1.8%.The stock had initially dropped as much as 5.1% in premarket trade after the results were released, as profit beat while revenue missed, some investors may have misinterpreted the 2018 revenue growth guidance. DSW’s stock has now gained 0.9% over the past three months, while the S&P 500 SPX, -0.34% has advanced 4.5%.DSW, +9.54% shot up 9.5% in midday trade, in the wake of fiscal fourth-quarter results and an upbeat revenue outlook, a dividend hike and announced plans to exit Ebuys.

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