By  on August 6, 2008

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.

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