Why Is Designer Brands Stock Soaring Tuesday? - Designer Brands (NYSE:DBI)

Designer Brands Inc. (NYSE:DBI) shares climbed Tuesday after the footwear retailer delivered stronger-than-expected quarterly profit.The company reported third-quarter adjusted earnings per share of 38 cents, beating the analyst consensus estimate of 18 cents.MetricsQuarterly sales of $752.411 million (down 3.2% year over year) missed the Street view of $763.400 million. Total comparable sales decreased by 2.4%.Also Read: Stock Market Today: Dow, Nasdaq Futures Rise As Fed’s 2-Day Meet Begins Today—Ares Man ...