Market Overview

UPDATE: Foot Locker Posts Upbeat Q3 Profit

Share:
Related FL
Why Goldman Sachs Is Still Buying Nike Amid Choppy North American Waters
Baird's Stock Picks In Footwear And Fitness Amid Brexit Fallout
Foot Locker gets PT cut after Nike results (Seeking Alpha)

Foot Locker (NYSE: FL) reported a better-than-expected third-quarter profit.

Foot Locker's quarterly profit surged to $0.70 per share, versus $0.69 per share, in the year-ago period. However, its profit declined to $104 million versus $106 million. Excluding one-time items, it earned $0.68 per share.

Its revenue climbed to $1.62 billion from $1.52 billion. However, analysts were projecting earnings of $0.66 per share on revenue of $1.57 billion.

Foot Locker shares gained 3.48% to $38.04 in pre-market trading.

Posted-In: profitEarnings News

 

Related Articles (FL)

View Comments and Join the Discussion!