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Wolverine Shares Tumble After Missing Wall Street Estimates in FY18

On Wednesday, investors punished Wolverine World Wide, the footwear conglomerate behind Merrell, Sperry, Keds and Saucony, for missing Wall Street expectations after the company released its full-year and Q4 financial report. Despite a year of revenue growth and widening margins, Wolverine’s stock fell by nearly 8 percent once trading began Wednesday morning, falling from $39.49…

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