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Wolverine Shares Tumble After Missing Wall Street Estimates in FY18

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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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