Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

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

Tina WadhwaFeb 24, 2017, 23:39 IST

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

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.

Markets Insider

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

Please enable Javascript to watch this video