UPDATE: Foot Locker Q1 Profit Up 36%

Foot Locker Inc

reported a 36% rise in its first-quarter profit. Foot Locker's quarterly profit surged to $128 million, or $0.83 per share, versus $94 million, or $0.60 per share, in the year-earlier quarter. Its revenue rose to $1.58 billion from $1.45 billion. However, analysts were expecting earnings of $0.74 per share on revenue of $1.55 billion. Foot Locker shares closed at $28.01 yesterday.