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How Will Steven Madden (SHOO) Stock React to Q2 Results?

NEW YORK (TheStreet) -- Steven Madden (SHOO) reported in-line earnings and lower-than-expected revenue for the 2016 second quarter while adjusting its full-year sales outlook.

Before the market open, the New York-based footwear retailer reported earnings of 42 cents per diluted share, which met analysts' expectations.

Revenue rose 0.6% year-over-year to $325.4 million but fell short of analysts' estimates of $330.1 million.

Same-store sales increased 5.4% as the company opened two full-price stores and seven outlet locations.

For the full year, Steven Madden adjusted its sales outlook to reflect "softer than anticipated trends"...