Foot Locker Bests EPS and Sales Estimates

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Sporting good retailer Foot Locker (FL) reported third-quarter*financial results late Thursday*that bested the Street’s expectations.*The company*earned 43 cents a share, beating consensus estimates by 4 cents a share. Revenue rose*8.9%*to $1.39 billion, beating forecasts of*$1.37 billion.*

During the first nine months of 2011,*the company has opened*52 new stores, remodeled or relocated 147 stores, and closed 76 stores.



Original Article Source by Barrons.com