UPDATE: Finish Line Posts Rise In Q2 Profit

Finish Line

reported a rise in its second-quarter profit. Finish Line now projects FY13 earnings to rise by 6% to 9% from $1.53 per share in 2012. The company had earlier projected a rise of 6% to 7%. Finish Line's quarterly profit rose to $25 million, or $0.49 per share, versus $20.9 million, or $0.39 per share, in the year-earlier period. Its sales climbed to $385 million from $332 million. However, analysts were expecting earnings of $0.44 per share on sales of $358.3 million. Finish Line shares jumped 10.99% to $25.25 in pre-market trading.