Foot Locker: Fiscal 2Q Earnings Snapshot
NEW YORK (AP) _ Foot Locker Inc. (FL) on Friday reported fiscal second-quarter earnings of $60 million.
The New York-based company said it had profit of 55 cents per share. Earnings, adjusted for non-recurring costs and pretax expenses, came to 66 cents per share.
The results matched Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was also for earnings of 66 cents per share.
The shoe store posted revenue of $1.77 billion in the period, which did not meet Street forecasts. Eight analysts surveyed by Zacks expected $1.83 billion.
Foot Locker shares have decreased 21% since the beginning of the year. The stock has fallen 20% in the last 12 months.