DSW Inc. (DSW) reported earnings on Tue 11/20/12

DSW Inc. (DSW) reported third quarter adjusted EPS of $1.02 Tuesday morning, which exceeded the consensus estimate of $0.89. The company now expects to report full year 2013 adjusted EPS of $3.30 to $3.40, compared to prior expectations of $3.25 to $3.40. The consensus estimate is for EPS of $3.31. DSW has gapped open sharply higher Tuesday and is now up 5.08 at $67.37. The stock has broken out to over a 1-month high and has re-crossed its 50-day moving average.  Stock gained 8.85%.

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