ROCKFORD, Mich. (AP) _ Wolverine World Wide Inc. (WWW) on Wednesday reported first-quarter net income of $45.8 million.
The Rockford, Michigan-based company said it had profit of 48 cents per share. Earnings, adjusted for non-recurring costs, came to 50 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
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