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Foot Locker tops 4Q profit forecasts

NEW YORK (AP) _ Foot Locker Inc. (FL) on Friday reported fiscal fourth-quarter profit of $189 million.

The New York-based company said it had net income of $1.42 per share. Earnings, adjusted for pretax gains, were $1.37 per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.

The shoe store posted revenue of $2.11 billion in the period, which met Street forecasts.

For the year, the company reported profit of $664 million, or $4.91 per share. Revenue was reported as $7.77 billion.

Foot Locker shares have dropped slightly more than 3 percent since the beginning of the year. The stock has increased roughly 4 percent in the last 12 months.

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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

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Keywords: Foot Locker, Earnings Report