UPDATE: Foot Locker Posts Upbeat Q4 Earnings

Foot Locker

reported a gain in its fourth-quarter profit. Foot Locker's quarterly profit surged to $121 million, or $0.81 per share, versus a year-ago profit of $104 million, or $0.68 per share. Its adjusted earnings came in at $0.82 per share. Its sales climbed to $1.79 billion versus $1.71 billion. However, analysts were projecting earnings of $0.75 per share on sales of $1.77 billion. Foot Locker's same-store sales climbed 5.3% in the quarter. Foot Locker shares gained 5.31% to $45.00 in pre-market trading.