UPDATE: Foot Locker Posts Upbeat Q3 Profit
Foot Locker (NYSE: FL) 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.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.