Investing.com - Designer Brands reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Designer Brands announced earnings per share of $0.67 on revenue of $865M. Analysts polled by Investing.com anticipated EPS of $0.71 on revenue of $875.03M.
Designer Brands shares are up 7.67% from the beginning of the year and are trading at $15.30 , down-from-52-week-high.
Designer Brands follows other major Consumer Discretionary sector earnings this month
Designer Brands's report follows an earnings beat by Home Depot on Tuesday, November 15, 2022, who reported EPS of $4.24 on revenue of $38.9B, compared to forecasts EPS of $4.12 on revenue of $37.92B.
Alibaba ADR had beat expectations on Thursday, November 17, 2022 with fourth quarter EPS of $12.92 on revenue of $207.18B, compared to forecast for EPS of $11.74 on revenue of $208.52B.
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