The second quarter financial performance of Foot Locker, Inc. (NYSE: FL) was made public. The report was unveiled in advance of the regular trading session.
The outcome has drawn the interest of Wall Street, on account of earnings and revenues shining brighter than anticipated market forecasts.
The business revealed an adjusted loss of $0.05 per share for the quarter, against income of $0.04 per share recorded in the second quarter prior year.
However, revenues for the quarter adding up $1900 million, increased 1.93 percent comparing to the second quarter of previous year.
The performance surpassed the market estimated $0.07 loss per share along with the $1888.32 million revenue.
In the context of forecasting financials, The business aims to achieve financial year 2024 revenue objective falling between $8.07 and $8.24 billion, where as they expect to achieve earnings that spans from $1.50 to $1.70 per share for the same period.
However financial analysts on Wall Street predict earnings of $1.54 per share from revenues of $8.13 billion
| Period | Type | Company Outlook |
Analysts Estimate |
Company Vs.* Analysts |
|---|---|---|---|---|
| FY 2024 | EPS | $1.50~$1.70 | $1.54 | 3.9% |
| REV | $8.07 B~$8.24 B | $8.13 B | 0.3% |
*Based on mid-point
Foot Locker (FL) experienced a trading range of $32.45 to $33.21, along with a total volume of 4.16 million shares during the day. The stock concluded Tuesday's regular trading session at $32.81, marking a gain of 0.06 percent.
