On October 3, 2007, Wolverine World Wide (WWW) announced 3rd quarter 2007 results . Revenue for the quarter ended September 8, 2007, came in at $310.2 million, up 3.8% over 3rd quarter 2006 results. Earnings for the quarter came in at $.54/share, up 17.4% from the $.46/share reported last year.
The company beat expectations on earnings expected by analysts according to Thomson Financial to come in at $.53/share. However, the revenue figure underwhelmed the street at $310.2 million while analysts were expecting an average of $316.9 million. The company also raised guidance from $1.60 to $1.64/share for 2007 to new estimates of $1.63 to $1.65/share.
With the solid earnings report, the still-strong price chart, and a good Morningstar.com page,
WOLVERINE WORLD WIDE (WWW) IS RATED A BUY
So how did I do with these three stock picks? Well one had a loss, and the other two gains, the average performance coming in at a gain of a meager 1.47% since posting!
Thanks so much for dropping by! If you have any comments or questions, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com. If you get a chance, drop by and visit my Stock Picks Podcast Website , my Covestor Page where my trading portfolio is actively tracked, and my SocialPicks page which has been following my picks since the first of the year!
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Finally, on April 19, 2006, I 
On October 3, 2007, Wolverine World Wide (WWW) announced 
$26.04 (10/15/07)
