🔴 Steven Madden is trading 10.47% down after Q3 revenue missed some analyst estimates

Steven Madden is trading 10.47% down at $41.62 after third-quarter revenue missed some published analyst estimates.

• Adjusted EPS was $0.79, above estimates.
• Full-year adjusted EPS guidance was $2.15–$2.20, below the cited $2.19 consensus at its midpoint; the company also narrowed its GAAP EPS outlook.
• Shares had gained 6.70% on November 4. The earnings release raised revenue and adjusted EPS guidance; the reaction appears focused on sales and outlook relative to expectations, rather than a lack of growth.