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Finish Line Inc. (FINL) Dropped To A 2-Month Low On Weak Q1 Forecast

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Finish Line Inc. (FINL: Quote) reported fourth quarter adjusted EPS of $0.81 Friday morning, compared to $0.65 in the prior year period. The consensus estimate was for EPS of $0.81. The company expects first quarter EPS to be down about 30 percent.

Finish Line gapped open lower Friday and fell during the first half hour of trade. Shares slipped further in the final hour of trade and finished down by 4.12 at $21.22 on the highest volume of the year. The stock plunged to a 2-month low and fell below its 50-day moving average.

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by RTT Staff Writer

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