Foot Locker (FL) Stock on the Move After Q4 Earnings

Foot Locker, Inc. (FL) stock was down following the company’s earnings report for Q4 2015.

Foot Locker, FL stockFoot Locker reported earnings per share of $1.14 for Q4 2015. This is better than the $1.01 from the same time last year. It also surpassed the $1.12 cents that analysts were expecting for the quarter.

Foot Locker’s revenue for the fourth quarter of 2015 was $2 billion. This is up from the $1.9 billion that it reported in Q4 2014 and also matched estimates that Wall Street had for the company.

“Building on those leadership positions, we believe we can continue to elevate our financial performance in 2016 by generating a mid-single digit comparable sales gain and another double digit percentage increase in earnings per share,” Richard Johnson, President and CEO of FL, said in a statement.

FL shares were down 3% as of Friday afternoon.

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