Foot Locker Inc. (FL) reported fourth quarter adjusted net income of $0.73 per share Friday morning, up from $0.55 per share last year. The consensus estimate was for EPS of $0.73. Full year 2013 adjusted EPS is expected to be $2.47. The consensus estimate is for EPS of $2.84.
Foot Locker gapped open sharply lower Friday and declined in early trade, before settling into a range. The stock finished lower by 2.52 at $32.79 on the highest volume of the year. Foot Locker fell to a 2-month low and dropped below both its 50 and 200-day moving averages.
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