Finish Line lowers outlook

Investor's Business Daily

The athletic shoe retailer said Q3 EPS was zero cents, down from 11 cents in '12. Analysts were expecting 10 cents. Revenue rose 5.2% to $296.6 mil, just over analysts' revised views for $296.09 mil. Sales at stores open at least a year climbed 3.6%. Finish Line (FINL) blamed its weak quarter on a shift in consumer buying patterns and a rocky e-commerce platform debut. It sees Q4 EPS of 74-78 cents. Analysts were expecting 82 cents. Shares dropped 8.3% to 17.46.

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