10:37 AM EDT, 08/07/2024 (MT Newswires) -- Wolverine World Wide ( WWW ) shares were down 1.7% in recent Wednesday trading after the company reported Q2 adjusted earnings of $0.15 per diluted share, down from $0.19 a year earlier.

Analysts polled by Capital IQ expected $0.11.

Total revenue for the quarter ended June 29 was $425.2 million, down from $589.1 million a year earlier.

Analysts surveyed by Capital IQ expected $410.8 million.

The company said it now expects fiscal 2024 adjusted EPS of $0.75 to $0.85, compared to previous guidance of $0.65 and $0.85.

Fiscal 2024 revenue from ongoing operations is now expected to be $1.71 billion to $1.73 billion, compared to a previous outlook of $1.68 billion to $1.73 billion, the company said.

Analysts polled by Capital IQ expect fiscal 2024 adjusted EPS of $0.82 on revenue of $1.72 billion.

Price: 13.67, Change: -0.15, Percent Change: -1.09