UPDATE: Finish Line Posts 22% Rise In FQ4 Earnings, Issues Downbeat Forecast
Finish Line Inc (NASDAQ: FINL) reported a 22% rise in its fiscal fourth-quarter earnings. However, the company issued weak forecast.
Finish Line's quarterly profit surged to $41.9 million, or $0.80 per share, from $34.3 million, or $0.63 per share, in the year-ago period. Excluding items such as impairment charges, Finish Line earned $0.81 per share. Its sales climbed 19% to $456.3 million.
Analysts were expecting earnings of $0.81 per share on revenue of $433 million.
Finish Line shares dipped 9.23% to $23.00 in pre-market trading.
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