Foot Locker beats Street 2Q forecasts

Foot Locker tops 2Q net income and revenue expectations

RELATED QUOTES

SymbolPriceChange
FL63.36+1.51

NEW YORK (AP) -- Foot Locker Inc. (FL) on Friday reported profit of $92 million in its fiscal second quarter.

On a per-share basis, the New York-based company said it had net income of 63 cents. Earnings, adjusted for asset impairment costs, came to 64 cents per share.

The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.

The shoe store posted revenue of $1.64 billion in the period, also beating Street forecasts. Analysts expected $1.57 billion, according to Zacks.

Foot Locker shares have risen 27 percent since the beginning of the year. The stock has increased 54 percent in the last 12 months.

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This story was generated automatically by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Full FL report: http://www.zacks.com/ap/FL

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Keywords:Foot Locker,Earnings Report