ROCKFORD, Mich. (AP) — ROCKFORD, Mich. (AP) — Wolverine World Wide Inc. (WWW) on Thursday reported third-quarter profit of $65.8 million.

On a per-share basis, the Rockford, Michigan-based company said it had net income of 78 cents. Earnings, adjusted for non-recurring costs, were 79 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.

The footwear maker posted revenue of $505.4 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $496.9 million.

Wolverine expects full-year earnings in the range of $1.95 to $1.99 per share, with revenue in the range of $2 billion to $2.01 billion.

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