Foot Locker Inc. Reports 28% Decline In Q3 Profit

(RTTNews) - Foot Locker Inc. (FL) reported earnings for third quarter that declined from last year.

The company said its earnings dropped to $110 million, or $0.87 per share. This was down from $152 million, or $1.13 per share, in last year's third quarter.

Analysts had expected the company to earn $0.80 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.1% to $1.87 billion. This was down from $1.89 billion last year.

Foot Locker Inc. earnings at a glance:

-Earnings (Q3): $110 Mln. vs. $152 Mln. last year. -Earnings Decline (Y-o-Y): -27.6% -EPS (Q3): $0.87 vs. $1.13 last year. -EPS Decline (Y-o-Y): -23.0% -Analysts Estimate: $0.80 -Revenue (Q3): $1.87 Bln vs. $1.89 Bln last year. -Revenue Change (Y-o-Y): -1.1%