Finish Line Inc. (FINL) Surged After Q1 Profit Topped Estimates

Finish Line Inc. (FINL) reported first quarter EPS of $0.23 Friday morning, down from $0.30 in the prior year period. Analysts expected EPS of $0.22. Full year 2017 EPS is expected to be between $1.50 and $1.56. The consensus estimate is for EPS of $1.54.

Finish Line gapped open higher Monday and climbed steadily during the first half of the session. The stock was range-bound in the afternoon and closed up by 3.66 at $20.45 on the highest volume in 9 months. Finish Line surged to a month and a half high and re-crossed its 50 and 200-day moving averages.

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