Foot Locker: Fiscal 3Q Earnings Snapshot
NEW YORK (AP) _ Foot Locker Inc. (FL) on Tuesday reported fiscal third-quarter profit of $130 million.
The New York-based company said it had net income of $1.14 per share. Earnings, adjusted for non-recurring gains, came to 95 cents per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.
The shoe store posted revenue of $1.86 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $1.85 billion.
Foot Locker shares have decreased nearly 2 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $46.09, a climb of 13 percent in the last 12 months.