Wolverine World Wide upgraded to positive from neutral at Susquehanna

Wolverine World Wide upgraded to positive from neutral at Susquehanna

Wolverine World Wide profit more than doubles

Wolverine World Wide Inc. WWW on Wednesday reported a sharp rise in its first-quarter profit after restructuring, and raised its earnings outlook for the year. The Michigan-based footwear manufacturer made a quarterly profit of $46.7 million, or 48 cents a share, compared with $16.7 million, or 17 cents, for the same period a year earlier.

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