Why Foot Locker Stock Popped Today
Shares of Foot Locker (NYSE: FL) popped today after the sneaker retailer posted better-than-expected results in its third-quarter earnings report and raised its guidance.
The stock closed up 8.7% on the news after trading up as much as 18% on Friday morning.
Comparable sales ticked up 0.8% in the quarter, and overall revenue slipped by 0.7% to $2.17 billion, but that was better than estimates of $2.09 billion.
Source Fool.com
