Footlocker (FL) Profit Soars 74%, Shares Up 6%

Footlocker Inc FL on Thursday after the market closed released financial results that surpassed Wall Street expectations. Footlocker Inc reported that its 1st quarter net income soared 74% to $54 million, or 34 cents per share, up from $31 million, or 20 cents per share, a year earlier. The company's revenue rose 5.3% to $1.28 billion and its same-store sales were up 4.8%. A poll of analysts conducted by Thomson Reuters, showed an average Wall Street estimate of expected earnings of 28 cents per share. Shares of Footlocker Inc were up nearly 6% at $14.24 per share in after hours trading.