Steven Madden Ltd. said Tuesday that second-quarter earnings fell but still beat Wall Street expectations.
The Long Island City, N.Y.-based footwear and accessories firm reported second-quarter earnings declined 27.6 percent to $7.6 million, or 43 cents a diluted share, from $10.5 million, or 49 cents a share, in the same period last year. Analysts on average expected earnings per share of 40 cents in the most recent quarter.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"