Genesco (GCO -2.8%) suffers a bout of profit taking after beating Q1 estimates this morning on a...

|About: Genesco Inc. (GCO)|By:, SA News Editor

Genesco (GCO -2.8%) suffers a bout of profit taking after beating Q1 estimates this morning on a 24% jump in total revenue over the year ago period. Net earnings rose 39% on stronger-than-expected sales growth. The company also raised its FY13 earnings estimates, now expecting to earn between $4.70 - $4.82. Street estimates are for an EPS of $4.69.