DSW 3Q Profit Falls

Columbus, Ohio Discount shoe retailer DSW Inc. said Tuesday fiscal third-quarter profit fell 41%, on a drop in same-store sales, but earnings results beat analyst expectations.

Profit for the three months ended Nov. 1 fell to $13.2 million, from $22.4 million last year.

Revenue rose 7% to $391.4 million from $367.4 million last year. Analysts polled by Thomson Financial predicted revenue of $394 million.

Same-store sales fell 4.1% during the quarter.