Foot Locker reported fourth-quarter earnings that beat analysts' expectations on Friday, and its stock is up 7.80% at $73.93 a share.
ADVERTISEMENT
Foot Locker's profit soared 12% this quarter — and its stock is popping (FL)
The company reported fourth quarter earnings on Friday morning.
ADVERTISEMENT
The company reported earnings of $182 million, or $1.37 per share, up from $162 million, or $1.16 per share, in the fourth quarter of the previous year. This beat Wall Street's expectations of $1.32 per share, according figures compiled by Thomson Reuters.
The company also said that revenue for the fourth quarter rose 5.0% to $2.11 billion, up from $2.01 billion last year.
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
Congo is spending 22% of its scarce revenue on security - Minister
Another African country is set to get a Russian embassy
Medic West Africa 2024: A resounding success in fostering collaboration and innovation for a brighter healthcare future
10 African countries with the most troubling external debt in 2024
10 African countries with the least soft power influence over the world
Kenyan government rejects calls to ban TikTok, recommends tighter control over
Congo accuses Apple of conflict minerals in its supply chain
Top 10 African countries with the highest fuel prices in April 2024