10:19 AM EST, 11/07/2024 (MT Newswires) -- Wolverine World Wide ( WWW ) reported Q3 adjusted earnings Thursday of $0.29 per diluted share, up from $0.11 a year earlier.

Analysts polled by Capital IQ expected $0.22.

Revenue for the quarter ended Sept. 28 was $440.2 million, compared with $527.7 million a year earlier.

Analysts polled by Capital IQ expected $421.4 million.

The company said it now expects adjusted EPS of $0.80 to $0.90 for 2024, up from the previous range of $0.75 to $0.85. Revenue is now estimated at $1.73 billion to $1.745 billion, compared with $1.71 billion to $1.73 billion previously. Analysts expect an adjusted EPS of $0.84 on revenue of $1.73 billion.

Shares of Wolverine World Wide ( WWW ) were up over 21% in recent trading.

Price: 19.42, Change: +3.37, Percent Change: +21.00