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Foot Locker misses Street 1Q forecasts

NEW YORK (AP) _ Foot Locker Inc. (FL) on Friday reported fiscal first-quarter net income of $180 million.

The New York-based company said it had net income of $1.36 per share.

The results missed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.

The shoe store posted revenue of $2 billion in the period, which also missed Street forecasts. Eight analysts surveyed by Zacks expected $2.02 billion.

Foot Locker shares have decreased roughly 1 percent since the beginning of the year. The stock has climbed 23 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FL at https://www.zacks.com/ap/FL


Keywords: Foot Locker, Earnings Report