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Venator Meets Third-Quarter Estimates

Venator Group

(Z) - Get Zillow Group, Inc. Class C Report

met analysts' expectations for the third quarter, citing higher sales and improved gross margins.

The retailer, which is based in New York, reported net income for the latest third quarter of $27 million, or 20 cents a share, up from $17 million, or 13 cents a share, in the same period a year ago. Venator met the

First Call/Thomson Financial

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consensus estimate for the quarter.

Sales for the quarter rose 10.2% to $1.13 billion from $1.03 billion in the year-ago period.

Shares of Venator were recently trading down 25 cents, or 1.7%, to $14.50 on the

New York Stock Exchange

.