Genesco Inc. (GCO) reported third quarter EPS of $1.02 Friday morning, down from $1.28 in the prior year period. Analysts expected EPS of $1.12. The company also lowered its full year EPS forecast to between $3.05 and $3.35 from its previous guidance of $3.35 to $3.65.
Genesco gapped open sharply lower Friday morning and is now down 5.88 at $25.22 on above average volume. The stock has dropped to a 2-week low and has fallen below its 50-day moving average.
by RTT Staff Writer
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