UPDATE: Wolverine World Wide Posts Upbeat Q2 Profit, Lifts Full-Year Outlook

Wolverine World Wide (NYSE: WWW ) reported an 11% drop in its second-quarter profit. Wolverine World Wide's quarterly profit dropped to $18.1 million, or $0.36 per share, versus $20.3 million, or $0.42 per share, in the year-ago period. Its adjusted earnings came in at$0.46 per share. Its revenue rose 88%