UPDATE: Foot Locker Posts Upbeat Q3 Profit

Foot Locker

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.