12:13 PM EDT, 05/08/2024 (MT Newswires) -- Wolverine World Wide ( WWW ) shares were up 10.3% in recent Wednesday trading after the company posted Q1 results that exceeded consensus.

The company reported Q1 adjusted earnings Wednesday of $0.05 per diluted share, down from $0.11 a year earlier.

Analysts polled by Capital IQ expected the company to break even.

Revenue for the quarter ended March 30 was $394.9 million, compared with $599.4 million a year ago.

Analysts surveyed by Capital IQ expected $361.6 million.

The company reaffirmed its full-year 2024 adjusted earnings of $0.65 to $0.85 per diluted share. Analysts polled by Capital IQ expect $0.77.

The company said it now expects revenue for the year of $1.68 billion to $1.73 billion, compared with a prior outlook of $1.70 billion to $1.75 billion. Analysts surveyed by Capital IQ expect $1.72 billion.

Separately, the company said it appointed Taryn Miller as chief financial officer, starting Thursday.

Miller succeeds current CFO Michael Stornant, according to the company.

Price: 12.59, Change: +1.17, Percent Change: +10.25