NEWS BY INDUSTRY

After reporting a sharp drop in new orders for manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than anticipated in the month of April. The report said durable goods orders surged up by 3.3 percent in April after tumbling by a revised 5.9 percent in March.

Sporting goods retailer Hibbett Sports, Inc. Friday reported a marginal decline in first-quarter profit, citing a colder weather, which impacted its performance. Earnings per share, as well as revenues increased from last year, while missed analysts' consensus estimates.

Specialty athletic retailer Foot Locker, Inc. (FL) Friday reported higher profit and revenue for the first quarter that topped Wall Street estimates. Net income increased to $138 million from $128 million in the prior year. Earnings per share grew to $0.90 from $0.83. The company earned $104 million or $0.68 per share in the preceding quarter.