Finish Line Inc. (FINL) reported a third quarter non-GAAP loss of $0.02 per share Friday morning, down from the profit of $0.06 per share in the previous year. Analysts expected a profit of $0.01 per share.
The company now expects full year 2015 non-GAAP EPS to be flat with the fiscal year 2014 non-GAAP EPS of $1.67. Finish Line previously expected 2015 non-GAAP EPS to increase in the high single to low double digit range from 2014. The consensus estimate is for EPS of $1.79.
Finish Line gapped open dramatically lower Friday and fell during the first half hour of trade. The stock traded in a range for the rest of the session and closed down by 5.55 at $23.35 on the highest volume of the year. Finish Line plunged to a new low for the year.
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