UPDATE: Finish Line Posts Upbeat Q1 Earnings, Shares Gain


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Shares of Finish Line (NASDAQ: FINL) gained more than 4% in pre-market trading after the company reported better-than-expected fiscal first-quarter earnings. Finish Line's quarterly profit surged to $12.4 million, or $0.25 per share, versus a year-ago profit of $5.1 million, or $0.10 per share. Excluding certain items, it earned $0.28 per share. Its sales climbed 16% to $406.5 million. However, analysts were projecting earnings of $0.21 per share on sales of $394 million. Finish Line comparable store sales rose 5.0% in the period.Finish Line's gross margin widened to 31.7% from 30.5%, while input costs increased 14% to $277.7 million. Finish Line repurchased 700,000 shares of its common stock in the quarter.The company's press release offered the following comment from Glenn Lyon, Chairman and Chief Executive Officer:“We are very pleased with the strong start to fiscal 2015 we delivered in the first quarter.”Finish Line also reaffirmed its forecast for the year. Finish Line shares surged 4.70% to $30.52 in pre-market trading.

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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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