UPDATE: Foot Locker Posts Upbeat Q3 Profit
Foot Locker (NYSE: FL) reported a rise in its third-quarter profit.
Foot Locker's quarterly profit surged to $106 million, or $0.69 per share, versus $66 million, or $0.43 per share, in the year-earlier period. Its adjusted profit came in at $0.63 per share.
Its revenue rose 9% to $1.52 billion from $1.39 billion. However, analysts were expecting earnings of $0.54 per share on revenue of $1.5 billion.
Foot Locker shares closed at $31.85 yesterday.
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