Foot Locker Inc. (FL) reported first quarter EPS of $0.91 Friday morning, excluding costs related to the pending acquisition of Runners Point Group. The consensus estimate was for EPS of $0.88. Sales grew 3.8 percent to $1.64 billion from $1.58 billion in the previous year. The consensus estimate was for revenues of $1.63 billion.
Foot Locker gapped open sharply lower Friday, but was range-bound for the majority of the session. The stock closed with a loss of 1.78 at $33.90 on the highest volume of the year. Foot Locker dropped to nearly a 1-month low and fell below its 50 and 200-day moving averages.
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