UPDATE: Wolverine Reports Upbeat Q2 Results

Wolverine World Wide Inc (NYSE: WWW) reported a 39% rise in its second-quarter profit.

Wolverine reported its quarterly profit at $24 million, or $0.48 per share, up from $17.2 million, or $0.35 per share, in the year-ago period. Its revenue came in at $310.1 million. Analysts were expecting a profit of $0.46 per share on revenue of $294 million.

WWW shares closed at $42.60 yesterday.