COLUMBUS, Ohio (AP) _ Designer Brands Inc. (DBI) on Wednesday reported fiscal first-quarter net income of $17 million, after reporting a loss in the same period a year earlier.

The Columbus, Ohio-based company said it had profit of 22 cents per share. Earnings, adjusted for pretax gains, came to 12 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.

The footwear and accessories retailer posted revenue of $703.2 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $631.1 million.

Designer Brands shares have more than doubled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.43, more than tripling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DBI at https://www.zacks.com/ap/DBI

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