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NEW YORK (TheStreet) -- Shares of DSW (DSW)  were increasing in pre-market trading on Tuesday as the Columbus, OH-based footwear, handbag and accessories retailer posted better-than-expected 2016 second quarter results. 

Before today's opening bell, DSW reported adjusted earnings of 35 cents per share, surpassing analysts' projected 30 cents per share. 

Revenue rose 5.1% year-over-year to $659 million, beating Wall Street's expectations of $658 million. Comparable store-sales fell 1.2% during the second quarter. 

In the 2015 second quarter, DSW earned 42 cents per share and $627.21 million in revenue. 

DSW reiterated its full-year earnings forecast of between $1.32 per share and $1.42 per share, compared to consensus estimates of $1.36 per share. 

The company expects to see $25 million of annualized savings in 2017 as a result of its restructuring program, DSW said in a statement. 

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Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

TheStreet Ratings team rates DSW as a Hold with a ratings score of C+. The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, the team also finds weaknesses including feeble growth in the company's earnings per share, deteriorating net income and poor profit margins.

You can view the full analysis from the report here:


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