March 16 (Reuters) - Shoe retailer DSW Inc (DSW.N) posted a quarterly profit that lagged analysts' estimates as higher costs offset strong sales.

Photo: www.dsw.com

The company, which plans to open about 10 stores in 2010, sees earnings of $1.35 to $1.45 a share for the year. It expects same-store sales in the low-single digit range.

Analysts on average were expecting earnings of $1.40 a share, according to Thomson Reuters I/B/E/S.

For the fourth quarter ended Jan. 30, DSW earned $13.4 million, or 30 cents a share, compared with a loss of $7.5 million, or 17 cents a share, a year ago.

Analysts were expecting earnings of 32 cents a share.

Revenue rose 16 percent to $402.6 million, trumping analysts' expectations of $384.5 million.

Operating expenses jumped more than 10 percent to $92.3 million in the quarter.

Shares of Columbus, Ohio-based DSW closed at $29.43 Monday 15 March on the New York Stock Exchange. (Reporting by Renju Jose in Bangalore; Editing by Anne Pallivathuckal)