Foot Locker (NYSE:FL) announced that it earned $128 million, or 83 cents per share, up from $94 million, or 60 cents per share, in the same period last year. Revenue increased by 8.7 percent to $1.58 billion from $1.45 billion. Analysts had expected a profit of 74 cents per share on $1.55 billion in revenue.
Shares are higher in early trading.
Brown Shoe (BWS) announced that it earned $1.7 million, or 4 cents per share, down from $3.7 million, or 8 cents per share, in the same quarter last year. Analysts expected earnings of 7 cents per share. Revenue, however, increased by 1 percent to $626.4 million from $619.6 million, beating estimates of $600.7 million.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.