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Stock Market & Financial Investment News

News Breaks
March 7, 2014
10:45 EDTFINL, FLFoot Locker rises after quarterly earnings beat expectations
Shares of shoe and apparel retailer Foot Locker (FL) are rising after the company reported fourth quarter earnings that beat the consensus estimate. WHAT'S NEW: Foot Locker reported fourth quarter adjusted earnings per share of 82c, which beat analysts' consensus expectation of 76c. The company reported fourth quarter revenue of $1.79B which beat the consensus estimate of $1.76B. Foot Locker also reported comparable store sales in the fourth quarter rose 5.3%. WHAT'S NOTABLE: During the company's earnings conference call, Foot Locker said comparable stores sales are up low double digits so far in the first quarter. Foot Locker is planning for a mid single digit same-store sales gain for FY14, including a mid single digit same-store gain in each quarter. The company expects its earnings per share to grow by a double-digit percentage during FY14, it added. The company says it has $371M left on its share repurchase program and says it was "active" in executing it during the end of 2013. Foot Locker expects its share count to continue decreasing as the program is executed. ANALYST OPINION: Following the company's report, analysts at Deutsche Bank raised their price target on Foot Locker shares to $48 from $45. Deutsche Bank noted the company's FY14 guidance was in-line with Street expectations, unlike most retailers, and the firm reiterated its Buy rating on the stock. PRICE ACTION: During mid-morning trading, shares of Foot Locker rose $2.70, or 6.32%, to $45.43. ANOTHER TO WATCH: Shares of another footwear retailer, Finish Line (FL), were up 2.8% to $28.29 in mid-morning trading.
News For FL;FINL From The Last 14 Days
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November 25, 2014
10:10 EDTFINL, FLJanney to hold a field trip
Janney Montgomery Holiday Mall Tour is being held at Tysons Corner, Virginia on November 25.
November 24, 2014
08:57 EDTFLFoot Locker Q4 guidance conservative, says Sterne Agee
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November 21, 2014
15:57 EDTFLFoot Locker weakness a buying opportunity, says Jefferies
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15:05 EDTFLFoot Locker reverses to session lows in last hour of trading
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10:03 EDTFLFoot Locker says constantly looking at M&A opportunities
09:20 EDTFLFoot Locker sees Q4 SSS gain in the mid-single digits
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09:17 EDTFLOn The Fly: Pre-market Movers
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07:01 EDTFLFoot Locker reports Q3 EPS 83c, consensus 79c
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November 20, 2014
15:28 EDTFLNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Foot Locker (FL), consensus 79c; ANN Inc. (ANN), consensus 68c; Hibbett Sports (HIBB), consensus 62c; Berry Plastics (BERY), consensus 37c; Sirona Dental Systems (SIRO), consensus 90c.
07:25 EDTFLFoot Locker volatility increases into Q3 and outlook
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November 17, 2014
15:22 EDTFLFoot Locker volatility increases into Q3 and outlook
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