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Foot Locker Inc. Q1 adjusted earnings Miss Estimates

Foot Locker Inc. (FL) released earnings for its first quarter that climbed from last year.

The company's profit totaled $172 million, or $1.52 per share. This compares with $165 million, or $1.38 per share, in last year's first quarter.

Excluding items, Foot Locker Inc. reported adjusted earnings of $173 million or $1.53 per share for the period.

Analysts had expected the company to earn $1.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.5% to $2.08 billion from $2.03 billion last year.

Foot Locker Inc. earnings at a glance:

-Earnings (Q1): $173 Mln. vs. $174 Mln. last year.
-EPS (Q1): $1.53 vs. $1.45 last year.
-Analysts Estimate: $1.61
-Revenue (Q1): $2.08 Bln vs. $2.03 Bln last year.

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