Foot Locker's profit soared 12% this quarter - and its stock is popping

Advertisement

Foot Locker reported fourth-quarter earnings that beat analysts' expectations on Friday, and its stock is up 7.80% at $73.93 a share.

Advertisement

The company reported earnings of $182 million, or $1.37 per share, up from $162 million, or $1.16 per share, in the fourth quarter of the previous year. This beat Wall Street's expectations of $1.32 per share, according figures compiled by Thomson Reuters.

The company also said that revenue for the fourth quarter rose 5.0% to $2.11 billion, up from $2.01 billion last year.

Screen Shot 2017 02 24 at 1.03.21 PM

Markets Insider

Advertisement

Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!

NOW WATCH: What happens to your brain and body if you use Adderall recreationally