Investing.com - Wolverine reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Wolverine announced earnings per share of $0.48 on revenue of $691.4M. Analysts polled by Investing.com anticipated EPS of $0.56 on revenue of $711.65M.
Wolverine shares are down 16.73% from the beginning of the year, still down 52.56% from its 52 week high of $38.05 set on November 9, 2021.
Wolverine shares lost 13.30% in pre-market trade following the report.
Wolverine follows other major Consumer Discretionary sector earnings this month
Wolverine's report follows an earnings beat by Amazon.com on October 27, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1.03 on revenue of $22.5B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar