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Foot Locker stock surges 16% after earnings beat

Foot Locker Inc. FL, stock surged 16% in the extended session Tuesday after the company beat Wall Street expectations for earnings. The company reported third-quarter net income of $130 million, or $1.14 a share, compared with $102 million, or 81 cents a share, in the year-ago period. Adjusted for items such as changes to the U.S. tax code and litigation, earnings were 95 cents a share. Revenue fell to $1.86 billion from $1.87 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 92 cents a share on revenue of $1.85 billion. 

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https://www.marketwatch.com/story/foot-l...yptr=yahoo

Foot Locker Blasts Q4 Sales Estimate, Sees Double-Digit Earnings Growth in 2019

Foot Locker posted stronger-than-expected fourth quarter earnings and same-store sales Friday and said it sees double-digit profit growth in the coming year.

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Foot Locker said earnings for the three months ending on February 2 came in at $1.56 per share, up 23.8% from the same period last year and well ahead of the Street forecast of $1.40 per share. Group sales, Foot Locker said, rose 2.8% to $2.272 billion and again beat the consensus estimate of $2.18 billion. Same stores sales rose 9.7% over the fourth quarter, the company said, well ahead of the 4.6% forecast from Refinitiv.

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https://www.thestreet.com/investing/earn...yptr=yahoo