Steven Madden jumps as forecasts for Q4 sales, profit above estimates

Shares of Steven Madden rise about 8% to $35.42 in early trading

Co forecasts Q4 revenue in the range of 27% to 30%, above analysts' estimates of around 20% - data compiled by LSEG

Expects Q4 adjusted EPS in the range of 41 cents to 46 cents vs estimates of 29 cents

Co, however, reports Q3 revenue of $667.9 million, missing estimates of $696.2 million

"As anticipated, the third quarter was challenging, driven largely by the impact of new tariffs on goods imported into the United States," says CEO Edward Rosenfeld

Including session moves, stock down nearly ~18% YTD

​