UPDATE: Foot Locker Posts Upbeat Q3 Profit

Foot Locker

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.