Market Overview

UPDATE: Finish Line Q2 Profit Surges 6.1%

Share:
Related FINL
Finish Line Worth $34/Share Now, Monness Crespi Hardt Says
Mid-Afternoon Market Update: US Stocks Mixed; Micron Technology Shares Fall On Downbeat Results

Finish Line (NASDAQ: FINL) reported a 6.1% rise in its fiscal second-quarter earnings.

Finish Line's quarterly profit surged to $26.5 million, or $0.54 per share, from $25 million, or $0.49 per share, in the year-ago period.

Its sales rose 13% to $436 million. However, analysts were expecting a profit of $0.45 per share on revenue of $426 million.

Its same-store sales increased 0.9%, while gross margin shrank to 33.6% from 34.9%

Finish Line shares jumped 7.73% to $24.12 in pre-market trading.

Posted-In: profitEarnings News

 

Related Articles (FINL)

Get Benzinga's Newsletters