Foot Locker beats big on earnings (FL)

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markets.businessinsider.com—AP/Bennett Raglin Foot Locker beat on both the top and bottom lines. Its gross margin fell and expenses rose as it built out its digital operations. Shares were up more than 15% after the news. Watch Foot Locker trade in real time here. Foot Locker posted first-quarter results Friday morning that easily beat Wall Street estimates, sending shares up more than 15% in premarket trading. The sneaker retailer earned an adjusted $1.45 a share on revenue of $2.03 billion. Those numbers were ahead of...

Foot Locker shares are jumping 15% after a blowout earnings report. Shares of shoe retailer Foot Locker surge after the company reports earnings well ahead of Wall Street expectations.