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BUZZ-DSW Inc: Slips on surprise Q4 loss

2019-03-19 19:39

** Footwear retailer's shares (DSW.N) down 7.3 pct at $23.50 premarket

** Co posts surprise Q4 adjusted loss of 7 cents/shr vs. estimated profit of 4 cents/shr, according to IBES data from Refinitiv

** Co's Q4 gross profit of 24.4 pct also misses est of 26.2 pct for the first time in five qtrs

** Stock set to open at more than 2-1/2 month low and extend its 3-day losing streak

** 3 of 11 brokerages rate the stock "buy" or higher, and the rest "hold"; median PT is $29

** Up to Monday's close, DSW up ~5 pct in last three months

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