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    Malakoff Shares Fall After First-Quarter Loss

    Shell Agrees to Pay $10 Million for Air Pollution at Massive New Pennsylvania Petrochemical Plant

    Shell Agrees to Pay $10 Million for Air Pollution at Massive New Pennsylvania Petrochemical Plant

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    RLJ Lodging Trust (NYSE:RLJ) Short Interest Down 13.0% in May

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    ACV Auctions Inc. (NASDAQ:ACVA) Short Interest Down 8.5% in May

    ACV Auctions Inc. (NASDAQ:ACVA) Short Interest Down 8.5% in May

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    Nikola stock falls after EV maker receives notice of noncompliance with minimum-price listing requirement

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    Malakoff Shares Fall After First-Quarter Loss

    Malakoff Shares Fall After First-Quarter Loss

    Shell Agrees to Pay $10 Million for Air Pollution at Massive New Pennsylvania Petrochemical Plant

    Shell Agrees to Pay $10 Million for Air Pollution at Massive New Pennsylvania Petrochemical Plant

    Do Not Call: States Sue Telecom Company Over Billions of Robocalls

    Do Not Call: States Sue Telecom Company Over Billions of Robocalls

    Wall Street Slides as Debt Worries Worsen

    Wall Street Slides as Debt Worries Worsen

  • NYSE
    RLJ Lodging Trust (NYSE:RLJ) Short Interest Down 13.0% in May

    RLJ Lodging Trust (NYSE:RLJ) Short Interest Down 13.0% in May

    Big Lots’ stock tumbles toward 32-year low after losses nearly double forecasts, dividend is suspended

    Big Lots’ stock tumbles toward 32-year low after losses nearly double forecasts, dividend is suspended

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    Eversource Energy (NYSE:ES) Stock Price Down 2.8% Following Analyst Downgrade

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    Albany International (NYSE:AIN) Seems To Use Debt Quite Sensibly

  • NASDAQ
    ACV Auctions Inc. (NASDAQ:ACVA) Short Interest Down 8.5% in May

    ACV Auctions Inc. (NASDAQ:ACVA) Short Interest Down 8.5% in May

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    Is Cognizant Technology Solutions (NASDAQ:CTSH) A Risky Investment?

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    Adicet Bio, Inc. (NASDAQ:ACET) Sees Significant Decline in Short Interest

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    Nikola stock falls after EV maker receives notice of noncompliance with minimum-price listing requirement

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

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    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

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    CN Rail Stock Is So Undervalued That it’s Absurd

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Shoe Carnival Shares Down 7% On Weak Outlook

Editorial Staff by Editorial Staff
May 22, 2021
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Shoe Carnival Shares Down 7% On Weak Outlook

Floor Supervisor Theresa Halligan and cashier Candy Hemingway walk through the front end of the newly opened Shoe Carnival in the Shoppes at Northwest Crossings in Grand Island. The store runs specials throughout each day where customers can give their "spin and win wheel" a try for a discount or a prize. The store offers a variety of name-brand value-priced footwear. (Independent/Barrett Stinson)

Shares of family footwear retailer Shoe Carnival, Inc. (SCVL) are down 7 percent in extended session Wednesday after the company issued a second-quarter revenue outlook that is expected to miss current estimates.

Looking ahead to the second quarter, the company expects earnings per share between $1.00 and $1.20 on revenues between $268 million to $278 million. On average, 3 analysts polled by Thomson Reuters currently expect earnings of $0.94 on revenues of $282.0 million for the second quarter. The company posted net income of $43.2 million or $3.02 per share in the first quarter, compared to net loss of $16.2 million or $1.16 per share in the year-ago quarter. On average, 3 analysts polled by Thomson Reuters expected the company to report earnings of $1.40 per share in the quarter. Analysts’ estimates, usually, exclude one-time items.

During the three-month period, net sales more than doubled to $328.5 million from $147.5 million in the same period last year. Three analysts were looking for revenues of $274.3 million in the quarter.

SCVL closed Wednesday’s trading at $62.41, down $1.03 or 1.62% on the Nasdaq. In the after-market, the stock is trading at $58.00, down $4.41 or 7 percent on the NYSE.

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