UPDATE: Finish Line Shares Pop Pre-Market After Earnings Beat
Shares of Finish Line (NASDAQ: FINL) rose pre-market as the company reported much better than expected first quarter results. The company beat on both the top and bottom lines in what was a strong quarter.
For the fiscal first quarter, Finish Line reported adjusted earnings per share of $0.20 vs. $0.16 expected. Revenue was also strong at $351.1 million vs. $343.7 million as comp store sales increased 2.4 percent.
Shares rose 1.7 percent pre-market on the news.
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