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Actionable news in GCO: GENESCO Inc,

Genesco (GCO) Stock Tumbles on Outlook, Q2 Revenue

NEW YORK (TheStreet) -- Shares of Genesco (GCO) were sliding 31.35% to $49.87 on heavy trading volume early Thursday afternoon after the company posted lower earnings guidance for the fiscal 2017 year and missed analysts' estimates on revenue for the fiscal second quarter.

Following yesterday's closing bell, the Nashville-based retailer reduced its full-year per-share earnings outlook to $3.80 to $4.00 vs. the company's prior view of $4.80 per share to $4.90 per share.

Wall Street is looking for earnings of $4.91 per share for the year.

For the fiscal second...